Johnson & Johnson Suing Boston Scientific over Guidant
Just eight months after losing the bid for medical-device maker Guidant, Johnson & Johnson is suing Boston Scientific and Abbott Laboratories saying that the two companies intentionally interfered and induced Guidant to breach the deal by leaking confidential information to Abbott to arrange a prepackaged divestiture of Guidant businesses to Abbott.
J&J wanted to purchase Guidant which was one of three companies preparing to put drug-coated stents on the market to give the company entry into the lucrative market for implantable pacemakers and defibrillators.
