It’s Deal Time: Johnson & Johnson is buying Synthes, which makes surgical devices used for orthopedic and traumatic injuries, for $21.3 billion in cash and stock, the WSJ reports . The boards of the companies support the merger, but some Synthes shareholders may think the company is worth closer to 165 Swiss francs ($189) per share than the agreed-upon price of 159 Swiss francs per share, the paper says. Earnings Rise: Health-insurer WellPoint saw first-quarter earnings rise a better-than-expected 5.7% to $926.6 million, or $2.44 per share, Dow Jones Newswires reports . The company increased its estimate for full-year revenue to $59.9 billion from $59.5 billion. Medication Misses: A study published in JAMA finds that about 58% of kids with newly diagnosed epilepsy don’t take their drugs as prescribed when they first begin therapy, Reuters reports . It’s unclear whether incorrect use
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A.M. Vitals: J&J and Synthes Agree to $21.3 Billion Deal


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