Here are three things to know:
1. LifeScan, which produces blood glucose monitoring products, recorded $1.5 billion in net revenue in 2017.
2. J&J announced a strategic review of its diabetes businesses last year, and the company officially shut down its insulin pump unit, Animas, in October.
3. The deal is expected to close by the end of 2018.
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Bayer hikes price of 2 cancer drugs by $1k per month
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