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Johnson & Johnson (JNJ) Opens San Diego Biotech Startup Center, Says "No Strings Attached"



1/18/2012 7:49:04 AM

Johnson & Johnson’s West Coast research leader, Diego Miralles, has met with a lot of biotech entrepreneurs who are curious about what J&J is doing to foster more startups at its facility in San Diego. At some point, a skeptical question usually comes up. “What’s the catch?” Miralles says he’s sometimes asked. He insists there isn’t any catch. “We are genuinely trying to help the industry,” Miralles said last week in a meeting at the JP Morgan Healthcare Conference in San Francisco. “We think helping the biotech industry helps us. We strongly believe that a rising tide lifts all ships.”

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