Monday, December 1, 2008

Johnson & Johnson buys Mentor for $1.07 billion

Johnson & Johnson is no longer just your baby's favorite pharmaceutical company. After recent flirtations with the cosmetic market (Evolence), some people speculated that they might try to compete with the big boys of Allergan and Medicis. They're certainly going to do that now, after acquiring Mentor Corporation this morning.

Mentor makes popular breast implants, as well as the recently released Evolence (collagen filler) and Prevelle/Prevelle Silk (hyaluronic acid mixed with painkilling lidocaine).

The deal seems to be a big-business affirmation that the cosmetic market will remain strong.


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