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Johnson & Johnson Presents Growth Strategies for Medical Devices & Diagnostics Segment
Date:1/22/2013

The company announced today that it is initiating an exploratory process to evaluate strategic options for its Ortho Clinical Diagnostics (OCD) business. All options will be evaluated to determine the best opportunity to drive future growth and maximize shareholder value. Options include a possible divestiture if it is determined that OCD could have greater potential as part of another organization whose focus is more closely aligned with its core strengths, or by operating as a stand-alone company. At this time it is not certain that any transaction will be consummated.

"As we look to the future we're advancing innovative new products in our pipeline, continuing to take a disciplined approach to managing our portfolio and adapting our business to the changing marketplace," Gorsky added.

Creating Value Through Innovation
The Company's presentations today will highlight how it is creating value through innovation with products that address significant unmet medical needs, and by evolving its business models to deliver both the clinical and economic value required by a cross-section of stakeholders.

"The Global Medical Solutions (GMS) portfolio plays in separate and distinct markets but what we have in common is the opportunity to bring more value to the healthcare system by leveraging our leading product positions and connecting them inside and outside of Johnson & Johnson to offer solutions that focus on the most critical clinical and economic needs of our customers," said Karen Licitra , Worldwide Chairman, Global Medical Solutions Group.

To address some of these needs, the OneTouch®Verio® Glucose testing platform was recently introduced and is the first diabetes care device to alert and display high/low patterns to deliver meaningful and actionable insights to help patients better understand and manage diabetes. Also, recently acquired Calibra Medical expanded the GMS portfolio of ins
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