Why Big Pharma Johnson & Johnson is Getting Into Startups

Everyone knows Johnson & Johnson, the conglomerate behind Band-Aid, Tylenol and Johnson's Baby Shampoo. By comparison, very few folks outside the tech industry will have heard of Hax, a Shenzen-based startup incubator. Now, however, the pair are hooking up to find, develop and invest in startups that want to develop a consumer healthcare device. If you're dreaming up a gadget that'll help keep babies safe, ease period pain or seal wounds faster, then applications are due before the end of the year.

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