A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. LifeScan was a Johnson & Johnson (J&J) company.
[2][3] It was acquired by J&J in 1986, and in June 2018, J&J agreed to sell LifeScan to Platinum Equity as part of its strategic exit from the diabetes device market, accepting an offer originally tendered in March 2018. You have successfully subscribed to our list. The Johnson & Johnson Family of Companies will continue to serve those impacted by diabetes through innovative products, services and solutions from its Medical Device, Pharmaceuticals, and Consumer businesses.
You are now leaving jnj.com. For more than 35 years LifeScan has continuously moved diabetes care forward through advancing technologies and developing products defined by simplicity, accuracy, and trust. Please click below to continue to that site. Patricia Johnson, CEO of Life Scan Wellness Centers, has over twenty five years of medical expertise and is an authority on the health and wellness of public employees and public safety officers. This site was last updated on 1 April 2020. Company has co-headquarters in Chesterbrook, PA and Zug, Switzerland. LifeScan, Inc. is a diagnostic systems manufacturer with products focusing on the diabetes market, specifically blood glucose monitoring systems. [5], "Johnson & Johnson sells LifeScan to Platinum Equity", "Johnson & Johnson nears diabetes device exit with $2.1 billion LifeScan sale", "Johnson & Johnson Announces Binding Offer from Platinum Equity to Acquire LifeScan, Inc", Johnson & Johnson Pharmaceutical Research and Development, Dr. Paul Janssen Award for Biomedical Research, Steve Patterson Award for Excellence in Sports Philanthropy, Global Health Innovative Technology Fund (GHIT), 2010 Johnson & Johnson children's product recall, https://en.wikipedia.org/w/index.php?title=LifeScan&oldid=971190441, Medical technology companies of the United Kingdom, United States manufacturing company stubs, Diabetes-related supplies and medical equipment, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License, This page was last edited on 4 August 2020, at 17:57. This site is governed solely by applicable U.S. laws and governmental regulations. Please click below to continue to that site. The Johnson & Johnson Family of Companies will continue to serve those impacted by diabetes through innovative products, services and solutions from its Medical Device, Pharmaceuticals and Consumer businesses. It generated net revenues of approximately $1.5 billion in 2017. Johnson & Johnson Announces Binding Offer from Platinum Equity to Acquire LifeScan, Inc. EEO Is the Law | EEO Is the Law GINA Supplement | Do Not Sell My Personal Information, Pharmaceutical Companies of Johnson & Johnson, Advancing New Healthcare Solutions Through Collaboration, Reimagining the Way Healthcare Is Delivered, Learn About the Company's Rich Heritage at Our Digital Museum. Learn More About Janssen's Phase 3 COVID-19 Vaccine Candidate Study Here, Johnson & Johnson Completes Divestiture of LifeScan to Platinum Equity, This site uses cookies as described in our. [2][4] [1] The company philosophy is to "create a world without limits for people with diabetes." If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Your use of the information on this site is subject to the terms of our Legal Notice.
'&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-TQKGM74'); Healthcare • Corporate Divestiture • Acquired in October 2018, A provider of blood glucose monitoring products and solutions for the treatment of diabetes, Platinum Equity Business Development +1 310.712.1850. Dr. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress.
The company is a leading supplier of blood glucose monitoring systems that help diabetics monitor and manage their disease.
LifeScan has notified the U.S. Food and Drug Administration (FDA) and healthcare authorities around the world of this voluntary action. These include important leadership and innovation in areas such as bariatric surgery and through medicines such as INVOKANA® (canagliflozin) and INVOKAMET® (canagliflozin/metformin HCl). Johnson & Johnson Medical Devices Companies. Drive share and incremental value from digital data through continued investment in technologies and software. (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? Its net revenue reached an estimated $1.5bn in 2017. All contents © Copyright Johnson & Johnson Services, Inc.1997-2020. All contents © Copyright Johnson & Johnson Services, Inc.1997-2020. All contents © Copyright Johnson & Johnson Services, Inc.1997-2020. Any forward-looking statement made in this release speaks only as of the date of this release.
Completion of the divestiture should be complete by the end of 2018. [2] J&J announced plans to exit from the diabetes device market in 2017, including divesting LifeScan, which, like the entire home blood glucose monitoring industry, has shown poor sales performance.
Signing up for our Newsletter is subject to our Privacy Notice. LifeScan. Johnson & Johnson Medical Devices Companies. Products. Please see our Privacy Policy. Our people have a passion and an unyielding commitment to all of our customers and to our partners. LifeScan, Inc. manufactures diagnostic equipment. You are now leaving jnj.com. Johnson & Johnson consumer medical devices company group chairman Ashley McEvoy said: “LifeScan’s OneTouch blood glucose monitoring products play an important role in the lives of millions of patients living with diabetes, and following a thorough review of all strategic options, we feel confident that the business would have a promising future with Platinum Equity. All Rights Reserved. ©LifeScan IP Holdings, LLC 2018-2020. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. This initiative is part of our ongoing, disciplined approach to portfolio management to focus on our most promising opportunities to help patients and drive growth.”. Head of Transformation. LifeScan, based in Iverness, Scotland, produces OneTouch products, which include glucose meters, insulin pumps, patches and associated software. NEW BRUNSWICK, N.J., [March 16, 2018] – Johnson & Johnson (NYSE: JNJ) today announced that it has received a binding offer from Platinum Equity, a leading private investment firm, to acquire its LifeScan business for approximately $2.1 billion, subject to customary adjustments. Contact Us with any questions or search this site for more information. Please see our Privacy Policy. Join us as we continue our rich heritage, deliver on our mission, and create a future without limits for LifeScan and those that we serve. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. Acquired LifeScan, Inc. from Johnson & Johnson in October 2018. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. If the offer is accepted, the transaction would be expected to close by the end of 2018, subject to the satisfaction of customary closing conditions.
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