Johnson & Johnson, Kaiser Permanente and Mayo Clinic all exited the medical device producer in an acquisition of undisclosed size by Johnson & Johnson subsidiary Ethicon.
Surgical equipment and systems provider Ethicon has acquired US-based medical device developer Torax Medical, giving an exit to corporates Johnson & Johnson, Kaiser Permanente and Mayo Clinic.
Founded in 2002, Torax produces a device dubbed the Linx Reflux Management System that treats gastro-oesophageal reflux disease (GERD), a digestive disorder also known as acid reflux.
Ethicon, a division of medical group Johnson & Johnson, bought Torax for an undisclosed sum and will add the company’s technology to the range of minimally…
