J&J: 'Innovation center' could include life sciences incubator

Diego Miralles.

Johnson & Johnson's new "innovation center" could be a clearinghouse for new drug deals and investments by the drug and device powerhouse or more involved incubator for new companies, a J&J executive said Tuesday. A decision on where to house the Bay Area center -- one of four regional J&J sites globally -- will come soon, said Diego Miralles, the head of J&J's Janssen Healthcare Innovation unit, West Coast Research Center and Janssen Labs.