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Johnson & Johnson signed a multibillion-dollar contract with ChemImage for AI imaging tech

Mar 15, 2025•over 1 year ago

Contract Type

contract

hospital & health care

Description

ChemImage, a small biotech firm, is suing Johnson & Johnson over a 2019 partnership that resulted in a breach of contract. The trial in federal court in Manhattan will determine the outcome, with potential penalties of $180 million for ChemImage. The lawsuit alleges that J&J's decision to retreat from its surgical robotics endeavor led to the termination of the contract and negatively impacted ChemImage's technology development.

Company Information

Company

Johnson & Johnson

Location

Johnson and Johnson Plz

About

Johnson & Johnson is a global healthcare company founded in 1886 by three brothers in New Brunswick, New Jersey. The company started by producing the first mass-produced sterile surgical supplies and has since evolved into a leader in healthcare, focusing on improving health and well-being through innovation. The company operates in two main areas: Innovative Medicine and MedTech. Its pharmaceutical division develops a range of medicines, including well-known products like Tylenol. Johnson & Johnson is also recognized for its consumer health products, such as JOHNSON’S® Baby Powder and the iconic Band-Aid. In the MedTech segment, it creates various medical devices and surgical products used by healthcare professionals worldwide. Additionally, the company has a strong commitment to women's health, having introduced significant products in this area since the 1890s. With a mission centered on enhancing lives, Johnson & Johnson serves a diverse customer base, including healthcare professionals, consumers, and maternity care providers, all while emphasizing safety and innovation in its offerings.

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