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Fresh From The White House, J&J's Gorsky Talks Policy, Drug Pricing

Executive Summary

CEO pledges transparency and responsible pricing of J&J drugs during the company’s earnings call, while outlining its goals for US health care and tax reform. Fourth quarter performance was unspectacular, although J&J's oncology and immunology portfolios showed sales growth.

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J&J CEO Gorsky Handing Over The Reins To Vice Chairman Duato

Duato has been involved for the last several years in growing J&J’s pharma and consumer businesses and has led the company’s COVID-19 efforts. Gorsky is stepping down due to a family health issue.

J&J CEO Gorsky Handing Over Reins To Vice Chairman Duato

Joaquin Duato has been involved for the last several years in growing J&J’s pharma and consumer businesses and has led the company’s COVID-19 efforts. Alex Gorsky is stepping down due to a family health issue.

J&J Well Positioned For US Drug Pricing Changes Regardless Of Timing Or Form, Duato Says

Boasting of 14 current or near-term blockbusters and success staving off Remicade biosimilars, Johnson & Johnson says its growth derives 100% from sales volume, not price increases. All the same, it continues call for slow pricing reform.

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