Johnson & Johnson Announces Completion Completes of
  Of Inverness Medical Technology's Diabetes Care Products
               Diabetes Care Products Business

     New Brunswick, NJ (November 21, 2001) - Johnson &

Johnson (NYSE: JNJ), the world's most comprehensive and

broadly based manufacturer of health care products, today

announced the completion of its Johnson & Johnson's

previously announced acquisition of Inverness Medical

Technology, excluding certain businesses.  The transaction

was completed today after Inverness shareholders voted to

approve the merger agreement with Johnson & Johnson at a

meeting held at the offices of Goodwin Procter LLP in Boston,

Massachusetts on November 20, 2001. Simultaneous with the

completion of the acquisition, Inverness completed the split-

off of a new publicly-traded company, Inverness Medical

Innovations, Inc. (AMEX: IMA), that now holds Inverness'

former women's health and other non-diabetes businesses.

     A wholly owned Johnson & Johnson subsidiary has been

merged with and into Inverness Medical Technology in accord

with Delaware law.  Inverness will become a wholly owned

subsidiary of Johnson & Johnson and work with Johnson &

Johnson's LifeScan franchise, a leading maker of blood

glucose monitoring systems for home and hospital use.



    The acquisition is a stock-for-stock exchange that is

tax-free to Inverness shareholders.  Holders of Inverness

common stock will receive .5935 of a share of Johnson

& Johnson common stock plus .2 of a share of Inverness

Medical Innovations, Inc. for each share of Inverness common

stock.  Cash will be provided for fractional shares of

Johnson & Johnson and Inverness Medical Innovations, Inc. The

Exchange Ratio for determining the amount of Johnson &

Johnson common stock received for each share of Inverness

common stock was calculated by dividing $35.00 by $58.9726,

the average of the daily Johnson & Johnson volume weighted

average trading prices for each of the 20 consecutive trading

days ending with November 16, 2001. Johnson & Johnson intends

to purchase the same number of shares of Johnson & Johnson

common stock as issued in connection with this acquisition.

The Company intends to complete such purchases through open

market transactions within 90 days of completion of the


     Johnson & Johnson, with approximately 100,000 employees,

is the world's most comprehensive and broadly based

manufacturer of health care products, as well as a provider

of related services, for the consumer, pharmaceutical and

medical devices and diagnostics markets.  Johnson & Johnson

has 195 operating companies in 51 countries around the world,

selling products in more than 175 countries.  For more

information on Johnson & Johnson, please visit the company's

website at

     This press release contains "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of
1995.  These statements are based on current expectations,
forecasts and assumptions that are subject to risks and
uncertainties which could cause actual outcomes and results
to differ materially from these statements.  Risks and
uncertainties include general industry and market conditions;
general domestic and international economic conditions, such
as interest rate and currency exchange rate fluctuations;
technological advances and patents attained by competitors;
challenges inherent in new product development, including
obtaining regulatory approvals; domestic and foreign
healthcare reform; trends toward managed care and healthcare
cost containment, and governmental laws and regulations
affecting domestic and foreign operations.  A further list
and description of these risks, uncertainties and other
factors can be found in Johnson & Johnson's Cautionary
Statement filed as an Exhibit to Johnson & Johnson's Annual
Report on Form 10-K for the fiscal year ended December 31,
2000 (copies of which are available on request from the
Company). The company disclaims any intention or obligation
to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.