NeuWave Medical to be Acquired by a J&J company

NeuWave Medical, a Madison medical device company, is being bought by Ethicon, part of the Johnson & Johnson conglomerate.

Terms of the transaction have not been disclosed. No jobs in Madison are expected to be lost.

“We are really excited to be acquired by a great company like Johnson & Johnson,” NeuWave CEO Dan Sullivan said. “It will help us expand our new product development and our global presence.”