J&J to pur­chase Ab­bott’s vi­sion care as­sets

The Myanmar Times - - International Business -

JOHN­SON & John­son has reached a deal to buy opthalmic as­sets from Ab­bott Lab­o­ra­to­ries for US$4.3 bil­lion as it tar­gets vi­sion care in an ag­ing world.

J&J will ac­quire Ab­bott Med­i­cal Op­tics, which works in three ar­eas: cataract surgery, laser vi­sion surgery (LASIK) and con­sumer items such as con­tact so­lu­tion and eye drops. AMO had sales of $1.1 bil­lion in 2015.

“Eye health is one of the fastest grow­ing seg­ments in health­care to­day,” said Ash­ley McEvoy, who leads J&J’s vi­sion care divi­sion. –

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