Johnson & Johnson has accepted an offer of about $2.1 billion for its LifeScan business from private equity firm Platinum Equity.
J&J announced in March it received the firm’s offer for the blood glucose monitor business, which generated net revenue of about $1.5 billion last year. The deal is expected to close by the end of the year.
“This is an important investment for us in a business that serves millions of patients around the world,” Platinum Equity Chairman and CEO Tom Gores said in a statement in March.
The transaction was included in the earnings forecast J&J gave in January.
Last year, J&J said it was reviewing strategic options for several of its diabetes businesses, including LifeScan, Calibra Medical and Animas. In October, J&J announced it had decided to close Animas and exit the insulin pump market. It chose Medtronic as its partner to transition current patients.
Shares of J&J dipped 0.4 percent in after-hours trading.
By Angelica LaVito
Source: CNBC
Stryker has started a limited market release of its Mako RPS handheld robotic system for total knee procedures, the company said Monday. Mako RPS, short for robotic power system, is aimed at surgeons who are interested in robotic technology but want the familiarity of a manual power tool, the company said.
The European Life Sciences Coalition (ELSC), which launched today in association with Belgium-based private capital association Invest Europe, also counts the likes of Forbion, Omega Funds and Cooley among its members. These members represent a combined 24 billion euros ($28.6 billion) in life science assets.
Sanofi announced changes to its leadership following a meeting of its Board of Directors on February 11, 2026. The Board decided not to renew the director mandate of Paul Hudson, whose tenure as Chief Executive Officer will end on February 17, 2026.
