Johnson & Johnson, St. Jude Medical Move Down The Medical-Device Food Chain

Wall Street Journal -- Start-up companies building new devices for doctors face trouble at both ends of the spectrum these days, with a dearth of early-stage funding on one end and a practically non-existent IPO market on the other. For this reason, public companies like Johnson & Johnson and St. Jude Medical Inc.–-which often fund, partner with and acquire smaller companies–have become increasingly important to start-ups.