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Johnson & Johnson's Ethicon completes buy of medical device biz

Johnson & Johnson unit Ethicon Inc. completed its acquisition of Minnesota-based medical device company Torax Medical Inc.

Ethicon said the deal is in line with its strategy of bolstering its portfolio with minimally invasive options for patients suffering from prevalent and serious medical conditions.

Torax Medical manufactures and markets the LINX reflux management system for the surgical treatment of gastroesophageal reflux disease.

Financial terms of the deal were not disclosed.