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AN FRANCISCO — On a night when pricey booze flowed at drug industry-sponsored parties all over this city, the bar was high for the most lavish bash of the evening. But the party thrown Monday night by Johnson & Johnson’s innovation unit cleared it. Easily.

Held under dramatic colored lighting in the stately and cathedral-esque Asian Art Museum, the Johnson & Johnson JLABS bash drew hundreds of executives and investors in town for the industry’s annual J.P. Morgan Healthcare Conference.

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