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Financial News

Financial Report: Johnson & Johnson

Revenues up 2% in the quarter

Johnson & Johnson

1Q Revenues: $17.8 billion (+2%)

1Q Earnings: $4.4 billion (-1%)

Comments: Domestic sales increased 0.6%. International sales increased 2.8%, reflecting operational growth of 3.6% and a negative currency impact of 0.8%. Worldwide Pharmaceutical sales were $8.2 billion, up 1%. REMICADE sales were down 6% to $1.7 billion, offset by growth drivers in new products including DARZALEX, with sales of $255 million. IMBRUVICA sales were $409 million, up 57%. STELARA sales were $823 million, up 12%. INVEGA SUSTENNA/XEPLION/TRINZA sales were up 18% to $604 million. During the quarter, the company announced a definitive agreement to acquire Actelion Ltd., a biopharmaceutical company, for approximately $30 billion.

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