Beijing time on September 17 morning news, the US pharmaceutical giant Johnson & Johnson (Johnson & Johnson) will buy US pharmaceutical company Abbott Medical Optics for $4.3 billion. The company was previously a wholly-owned subsidiary of the Abbott Laboratories Institute in the United States.

Abbott Medical Optics' main business is in ophthalmic medication and ophthalmic surgery. Johnson & Johnson said that the acquisition will be in the form of full cash.

President Johnson said in a statement, "ophthalmic medical healthcare industry is developing very fast in the field. After the acquisition of Abbott Medical Optics, we will use the existing resources in terms of eye care, to become a global ophthalmology A fully developed enterprise in medical technology."

Johnson & Johnson said it expects the transaction to be completed in the first quarter of 2017. At present, the transaction agreement between the two parties has been submitted to the regulatory body for trial. It is expected to be formally approved soon.

Johnson & Johnson is one of the world's top 500 companies, and the company currently has 130,000 employees worldwide. The company's assets reached $130 billion. The total market value of the stock reached about 70 billion US dollars. The company is headquartered in New Brunswick, New Jersey.

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