Johnson & Johnson Throws Open Its R&D Doors at Its "No Strings Attached" Incubator in San Diego

Just five years ago, one of the last places one would have looked for innovation at Johnson & Johnson was in its Merryfield Road lab in La Jolla, Calif.

The R&D facility for the healthcare giant, No. 103 on Fortune’s Global 500 list, had become something of a scientific wasteland—emptied of all but a few teams of the company’s researchers after the mass restructuring of J&J’s pharmaceutical business (For more on the transformation of J&J’s pharmaceutical business, see our Fortune story here.)

These days, the gleaming, state-of-the-art space is teeming with entrepreneurial spirit and cutting-edge science.

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