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BRIEF-J&J diabetes care company Animas to close operations and exit insulin pump market

Published 2017-10-05, 07:20 a/m
© Reuters.  BRIEF-J&J diabetes care company Animas to close operations and exit insulin pump market
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Oct 5 (Reuters) - Johnson & Johnson (NYSE:JNJ) JNJ.N :

* Johnson & Johnson Diabetes Care Companies - Animas corp intends to discontinue manufacturing, sale of animas vibe and onetouch ping insulin pumps

* Johnson & Johnson Diabetes Care Companies - Animas corp also intends to close operations and exit insulin pump business

* Johnson & Johnson Diabetes Care Companies - Animas selected Medtronic (NYSE:MDT) as partner to facilitate transition for patients, caregivers, healthcare providers

* Johnson & Johnson Diabetes Care Companies - patients using an Animas insulin pump will be offered option to transfer to a Medtronic pump

* Johnson & Johnson Diabetes Care Companies - Johnson & Johnson is continuing to evaluate potential strategic options for Lifescan Inc

* Johnson & Johnson Diabetes Care Companies - for patients, healthcare providers outside of U.S., Canada Animas to continue to sell pumps, operate as usual

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