The global giants believe the strategic moves will make their businesses stronger and more profitable long-term.
In a company release, Gorsky stated the decision comes at the right time both professionally as well as personally, as he must focus on family health. Current Vice Chairman of the company’s executive committee, Joaquin Duato, will serve as new CEO, effective January 3, 2022.
The winning innovators will receive grant awards of upwards of $50,000.
Medtech companies will need to collaborate more closely with other parties in healthcare, as the aftermath of the coronavirus pandemic will have a comprehensive reach throughout the entire ecosystem. MTI speaks with Johnson & Johnson VP Raymond Fryrear, M.D. on the topic.
AdvaMed has reported that its member companies have provided $26.8 million in medical supplies, along with $4.1 million in cash donations.
The state’s attorney general said J&J put its profits “ahead of the health of millions of women”.
The deal will help J&J speed up its entry into the robotics market.
The company just announced that it is restructuring its global supply chain.
The deal is pending acceptance by Johnson & Johnson.
The deal is part of Johnson & Johnson’s strategy to grow its vision care business.