Johnson & Johnson Vision to Acquire TearScience

August 4, 2017: By Jon Swedien

JJV logo x300Johnson & Johnson Vision announced Aug. 4 that it has signed a definitive agreement to acquire TearScience, a Morrisville, North Carolina, company that develops and markets products for meibomian gland dysfunction (MGD), an underlying cause of dry eye disease.

Financial terms were not disclosed.

The deal is expected to close by the end of the year, J&J Vision said. Following the closing, sales will be reported in J&J’s Medical Devices segment, under Vision Care, the company said. J&J Vision’s ophthalmic surgery division is located in Santa Ana, California.

TearScience received FDA clearance in July 2011 for its LipiFlow system, an office-based approach to image meibomian glands and treat MGD. The company sells its products in the US and major markets globally, J&J Vision said.

The TearScience acquisition strengthens J&J Vision’s portfolio, allowing it to provide a critical solution to its optometric and ophthalmic customers who serve dry eye patients, company officials said.

 

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