Johnson & Johnson - JNJ STOCK NEWS

Johnson & Johnson (NYSE: JNJ) has launched a new Satellite Center for Global Health Discovery in Cape Town, South Africa, as part of its ongoing commitment to combat antimicrobial resistance (AMR). This center, developed in collaboration with the Holistic Drug Discovery and Development (H3D) Centre, aims to address the urgent health challenge posed by multidrug-resistant Gram-negative bacteria. The initiative seeks to enhance Africa's scientific capacity and stimulate local innovation by leveraging the strengths of both organizations.

Johnson & Johnson (NYSE: JNJ) will attend the UBS Global Healthcare Conference on May 24, 2022. Mathai Mammen, Executive Vice President of Pharmaceuticals R&D, will represent the company during a session at 10:00 a.m. ET. Interested investors can access the live webcast and subsequent replay, which will be available approximately 48 hours later, through the Johnson & Johnson website.

Johnson & Johnson (NYSE: JNJ) reported Q1 2022 sales of $23.4 billion, a 5.0% increase, with operational growth at 7.7%. Adjusted earnings per share rose 3.1% to $2.67, while diluted EPS fell 16.8% to $1.93. The suspension of COVID-19 Vaccine sales guidance reflects a global supply surplus and demand uncertainty, though it won't affect adjusted operational EPS guidance. The Pharmaceutical segment drove growth, particularly from DARZALEX and STELARA. Consumer Health sales declined slightly, impacted by supply constraints, while MedTech saw an 8.6% increase in adjusted operational sales.

Johnson & Johnson (NYSE: JNJ) has declared a 6.6% increase in its quarterly dividend, raising it from $1.06 to $1.13 per share. This marks the 60th consecutive year of dividend increases, reflecting the company's strong financial position and future confidence. The annual dividend now stands at $4.52 per share, up from $4.24. Shareholders can expect the next dividend payment on June 7, 2022, with the record date on May 24, 2022 and ex-dividend date on May 23, 2022.

Johnson & Johnson (NYSE: JNJ) will participate in the BofA Securities 2022 Healthcare Conference on May 11 at the Encore Hotel in Las Vegas, Nevada. Ashley McEvoy, Executive Vice President and Worldwide Chairman of MedTech, will represent the company during a session at 3:40 p.m. ET. Investors can access the conference call and additional information via the Johnson & Johnson website. A replay of the webcast and podcast will be available approximately 48 hours after the live event.

Ventus Therapeutics has appointed Victor Lobanov, Ph.D., as Senior Vice President, Head of Computational Sciences, bringing over 25 years of experience in computational methods for drug discovery. Dr. Lobanov will lead the company's computational efforts and enhance the ReSOLVE platform while integrating machine learning and structural biology. His past roles include significant contributions at Johnson & Johnson (NYSE: JNJ) and Labcorp Drug Development (NYSE: LH). Ventus aims to leverage his expertise to optimize drug discovery processes, focusing on challenging protein targets.

Johnson & Johnson (NYSE: JNJ) will host a conference call on April 19, 2022, at 8:30 a.m. (ET) to discuss its first-quarter results. The call will be led by Joseph J. Wolk, Chief Financial Officer, and Jessica Moore, Vice President of Investor Relations, along with other executives.

Investors can access the call via webcast at www.investor.jnj.com, with a replay available three hours post-call. The press release will be issued at 6:45 a.m. (ET) on the same day.

Revelations have emerged regarding Johnson & Johnson (NYSE: JNJ) funding unethical experiments on prisoners during the 1960s, linking to the ongoing controversy over its talc-based products. The experiments involved primarily African-American inmates and raised concerns about the company’s knowledge of the cancer risks associated with its talc products like Johnson's Baby Powder. With the company attempting to limit jury trials through a bankruptcy move, many cancer victims are now seeking justice through litigation. Legal experts call for new laws to prevent corporations from evading liabilities through bankruptcy.

Pathalys Pharma, a late-stage biopharmaceutical company, has been established with seed financing from DaVita Venture Group and Catalys Pacific. The company focuses on chronic kidney disease (CKD) treatments, starting with the investigational drug upacicalcet, which has demonstrated efficacy in Japan. Pathalys plans to conduct two phase 3 clinical trials in the U.S. for upacicalcet to treat secondary hyperparathyroidism in hemodialysis patients. Neal Fowler, a former CEO at Liquidia, has been appointed as CEO, enhancing the leadership team's industry experience.