A man wearing a mask for protection against air pollution looks out from a bus in Beijing as the capital of China is shrouded by heavy smog on Tuesday, Dec. 20, 2016. Thick, gray smog fell over Beijing on Tuesday, clouding China's capital in a haze that spurred authorities to cancel flights and close some highways in emergency measures to cut down on air pollution. (AP Photo/Andy Wong)

China, home to one-third of the world’s diabetics, is shopping for a pharma deal

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Chinese bidders are reportedly interested in a Johnson & Johnson unit that includes three diabetes care companies, in a deal could be worth $4 billion.

Published   |  Photo by AP/Andy Wong
A man wearing a mask for protection against air pollution looks out from a bus in Beijing as the capital of China is shrouded by heavy smog on Tuesday, Dec. 20, 2016. Thick, gray smog fell over Beijing on Tuesday, clouding China's capital in a haze that spurred authorities to cancel flights and close some highways in emergency measures to cut down on air pollution. (AP Photo/Andy Wong)
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Johnson & Johnson is the largest healthcare company in the world. The firm is using Goldman Sachs to explore a sale.

A man wearing a mask for protection against air pollution looks out from a bus in Beijing as the capital of China is shrouded by heavy smog on Tuesday, Dec. 20, 2016. Thick, gray smog fell over Beijing on Tuesday, clouding China's capital in a haze that spurred authorities to cancel flights and close some highways in emergency measures to cut down on air pollution. (AP Photo/Andy Wong)
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The need for diabetes care is expected to grow in China. The World Health Organization estimates that about 113.9 million diabetics live there currently.

A man wearing a mask for protection against air pollution looks out from a bus in Beijing as the capital of China is shrouded by heavy smog on Tuesday, Dec. 20, 2016. Thick, gray smog fell over Beijing on Tuesday, clouding China's capital in a haze that spurred authorities to cancel flights and close some highways in emergency measures to cut down on air pollution. (AP Photo/Andy Wong)
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As countries in Asia get wealthier and more urbanized, people are eating more processed foods, using more mechanized transport, and leading more sedentary lives.

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