Johnson & Johnson Invests in Chinese Biotech Firm

The company’s Johnson & Johnson (China) Investment division has acquired Guangzhou Bioseal Biotechnology to bolster its hemostasis product portfolio.

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. The acquisition was completed after obtaining all necessary Chinese Government approvals. Financial terms of the transaction are not being disclosed.

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