In Brief: Fact Plus purchase
This article was originally published in The Tan Sheet
Executive Summary
Fact Plus purchase: Abbott agrees to purchase home pregnancy tests from Johnson & Johnson, including Fact Plus and Fact Plus One Step. Under the agreement, expected to be final by Sept. 1, Abbott will make a one-time payment of an undisclosed amount in exchange for "exclusive worldwide ownership" of Fact Plus. The tests employ a technology originally developed by Abbott and licensed to J&J. Abbott notes that the brand will benefit from existing distribution channels for its MediSense home glucose test. Abbott markets the Signify and Advisor home pregnancy tests outside the U.S...