Johnson & Johnson (NYSE:JNJ) said today that it inked a deal to join the NXT Biomedical therapeutic device incubator, gaining the right to migrate select projects from the incubator to its J&J medical devices companies. The Irvine, Calif.-based incubator was founded by medtech pioneer Stanton Rowe and investment firm Deerfield Management last September, and aimed to invest […]
NXT Biomedical
Medtech pioneer Rowe, Deerfield launch $275m medical device incubator
A medtech pioneer, Stanton Rowe, and investment firm Deerfield Management said today that they’re going in on a medical device incubator backed by $275 million from the investment firm, with Rowe as CEO. The Irvine, Calif.-based NXT Biomedical incubator plans to spend $25 million over the next five years on “cutting-edge technologies” designed to address unmet needs, with […]