Johnson & Johnson and Closure Medical Corporation announced a definitive agreement whereby Closure Medical will be acquired in a cash-for-stock exchange. Closure Medical is expected to operate as a stand-alone entity reporting through Ethicon, Inc., a Johnson & Johnson company, with whom Closure Medical has worked with since 1996 developing topical adhesives.Closure Medical designs, develops and manufactures a number of medical adhesives and delivery devices based on a proprietary medi...