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LifeScan - .. medical technology companies of the united kingdom ..

LifeScan
                                     

LifeScan

LifeScan has been a Johnson & Johnson J& company, J. It was acquired by J& J in 1986, and in June of 2018, J& J decided to sell LifeScan in Platinum capital as part of its strategic exit from the market of diabetes devices, by adopting the proposal originally filed in March 2018. Completion of the disposal should be completed by the end of 2018.

LifeScan manufactures and markets the function of the OneTouch Ultra and one touch verio family of website products for home use. The companys philosophy is to "create a world without limits for people with diabetes".During its existence, the revolution LifeScan glucose monitoring in blood by introducing its "one touch" systems. Initially, all measurements were performed using test strips that change color depending on the blood levels of glucose and LifeScan has grown to become the worlds leading manufacturer of such systems in the early 1990-ies. Later, the measuring technique is changed in electrochemistry, but LifeScan maintained its leading position in the industry.

Offers LifeScan in Inverness, Scotland, Burnaby, British Columbia, Canada, Cabo Rojo, Puerto Rico. Animas Corporation West Chester, Pennsylvania, which produced insulin pumps for people with diabetes was acquired by Johnson & Johnson in 2006 and is currently closed, said LifeScan.

LifeScan, which employed 2.400 people, at the beginning of 2018, was a Central part of J& Yash diabetes business unit. J& Jay announced plans to exit the market of diabetes devices in 2017, including the deprivation of LifeScan, which, like all of the home blood glucose monitoring industry, has low sales figures. In January Of 2018. there have been reports that Chinese investors have expressed interest in buying the companys shares for$3 to 4 billion, and in March, platinum equity has offered a much smaller amount of 2.1 billion U.S. dollars per unit.

                                     
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