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Johnson & Johnson to buy Mentor; its Madison unit is making Botox competitor

Health care products company Johnson & Johnson said Monday it will buy cosmetic-product and breast-implant maker Mentor Corp. for $1.07 billion in a move to boost its presence in cosmetic and reconstructive medicine.

Santa Barbara, Calif.-based Mentor has a unit in University Research Park in Madison that is developing a drug to compete with the well-known and hugely successful Botox.