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DewDiligence

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DewDiligence

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Re: DewDiligence post# 141032

Thursday, 05/03/2012 6:56:54 PM

Thursday, May 03, 2012 6:56:54 PM

Post# of 257575
JNJ acquires small Chinese biotech:

http://finance.yahoo.com/news/johnson-johnson-china-investment-ltd-082100985.html

Johnson & Johnson (China) Investment Ltd. today announced it has acquired Guangzhou Bioseal Biotechnology Co., Ltd. (Bioseal) a privately held biopharmaceutical company specializing in the design, development and commercialization of a porcine plasma-derived biologic product for controlling bleeding during surgery… Financial terms of the transaction are not being disclosed.

Makes sense—as we found out during the heparin crisis a few years ago, China is where the pigs are.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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