Johnson & Johnson said it was launching its first ever healthcare incubation center outside of North America.
The pharma major has entered an agreement with the Chinese government to establish a 4,400-square-meter facility in Shanghai's Zhangjiang Hi-Tech Park which is expected to open in the second quarter of 2019.
The first JLABS outside of North America will accommodate up to 50 life sciences and healthcare startups focused on innovations across the entire healthcare spectrum, including pharmaceuticals, medical devices and consumer, and digital health sectors.
