STOCK TITAN

Johnson & Johnson - JNJ STOCK NEWS

Welcome to our dedicated page for Johnson & Johnson news (Ticker: JNJ), a resource for investors and traders seeking the latest updates and insights on Johnson & Johnson stock.

Johnson & Johnson (NYSE: JNJ) is an American multinational corporation founded in 1886, widely recognized as the world’s largest and most diversified healthcare company. The company is structured into three main segments: pharmaceuticals, medical devices and diagnostics, and consumer health products. The pharmaceutical division, which contributes significantly to the company's revenue, focuses on therapeutic areas such as immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. The medical devices segment specializes in orthopedics, surgical instruments, and vision care. The consumer health division, known for products in baby care, beauty, oral care, over-the-counter drugs, and women's health, is set to be divested in 2023 under the new name Kenvue.

In recent developments, Johnson & Johnson has made headlines with the expanded approval of CARVYKTI® (ciltacabtagene autoleucel), a one-time infusion therapy for multiple myeloma. This approval is based on the successful Phase 3 CARTITUDE-4 study, showing a significant reduction in disease progression or death by 59% compared to traditional therapies. Such advancements underscore Johnson & Johnson's dedication to innovative treatments, particularly in oncology.

Financially, Johnson & Johnson generates over half of its revenue from the United States, with the pharmaceuticals and medical devices divisions driving the majority of cash flows. The company continues to invest heavily in research and development, aiming to transform healthcare through smarter and less invasive treatments. Their strategic partnerships and focus on emerging markets further cement their position as a leader in the healthcare industry.

With a commitment to improving global health, Johnson & Johnson's innovative solutions span across the full spectrum of healthcare, striving to prevent, treat, and cure complex diseases. For more information, visit their official website at www.jnj.com.

Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) has declared a cash dividend of $1.24 per share for the third quarter of 2024. The dividend will be payable on September 10, 2024 to shareholders of record at the close of business on August 27, 2024. The ex-dividend date is also set for August 27, 2024. This announcement demonstrates JNJ's commitment to returning value to shareholders through consistent dividend payments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
dividends earnings
-
Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) reported strong Q2 2024 results with reported sales growth of 4.3% to $22.4 Billion and adjusted operational growth of 6.5%. The company's EPS decreased by 5.9% to $1.93 due to one-time special charges, while adjusted EPS increased by 10.2% to $2.82.

Key highlights include:

  • Robust pipeline progress with TREMFYA, RYBREVANT, and VARIPULSE
  • Increased full-year 2024 operational sales guidance reflecting Shockwave Medical acquisition
  • Updated full-year 2024 adjusted operational EPS guidance
  • Strong performance in Innovative Medicine and MedTech segments

The company's focus on medical innovation and strategic acquisitions positions it for continued growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
-
Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) has completed the acquisition of Yellow Jersey Therapeutics, a subsidiary of Numab Therapeutics, for $1.25 billion. This acquisition secures JNJ the global rights to NM26, a novel, investigational bispecific antibody targeting IL-4Rα and IL-31 pathways in atopic dermatitis (AD). NM26 is ready for Phase 2 clinical trials and aims to provide better treatment for AD by addressing multiple disease-driving pathways. The investment aligns with JNJ's mission to improve care for immune-mediated diseases.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) announced positive results from an interim analysis of the Phase 3 CARTITUDE-4 study, which evaluated CARVYKTI® (ciltacabtagene autoleucel; cilta-cel) against standard therapies for treating multiple myeloma in patients who have had one prior line of therapy. The study showed that CARVYKTI® achieved a statistically significant and clinically meaningful improvement in overall survival (OS) compared to standard treatments like PVd and DPd. The safety profile was consistent with the approved label. These results will be shared at an upcoming medical meeting and submitted to regulatory authorities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
-
Rhea-AI Summary

Johnson & Johnson announced positive results from the Phase 3 Vivacity-MG3 trial of nipocalimab in patients with generalized myasthenia gravis (gMG). The study showed that patients treated with nipocalimab plus standard of care (SOC) improved significantly more than those on placebo plus SOC in the MG-ADL score over 24 weeks. The trial included a broad range of gMG patients, representing 95% of the population. Key secondary endpoints, including muscle strength and function, also showed significant improvements. Safety and tolerability were consistent with prior studies. These findings will be presented at the EAN 2024 Congress and submitted to regulatory authorities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
-
Rhea-AI Summary

The U.S. Supreme Court has denied Purdue Pharmaceuticals' $7 billion bankruptcy plan, which sought to grant the Sackler family immunity from further liability for their role in the opioid crisis. This decision has significant implications for Johnson & Johnson (NYSE:JNJ), which is attempting to use bankruptcy protection to resolve tens of thousands of ovarian cancer claims related to its talc-based products.

The Beasley Allen Law Firm, representing the plaintiffs in the talc/ovarian cancer multidistrict litigation (MDL), believes this ruling undermines J&J's similar attempts to use bankruptcy as a shield. The court's decision reinforces that financially solvent entities cannot use bankruptcy to escape liability for marketing and manufacturing dangerous products.

This ruling could derail J&J's efforts to return the talc litigation to bankruptcy courts, potentially moving forward with trials that support the plaintiffs' constitutional rights and address the substantial financial and emotional toll suffered by J&J’s victims.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none
Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) has completed the acquisition of Proteologix, a biotech firm specializing in bispecific antibodies for immune-mediated diseases, for $850 million in cash with potential milestone payments. This acquisition, announced on May 16, 2024, brings two pre-clinical bispecific antibodies, PX-128 and PX-130, into J&J's portfolio. These antibodies target multiple disease pathways and could transform treatments for atopic dermatitis and asthma. Additionally, J&J gains eight other bispecific antibody programs, enhancing its capabilities in innovative immunology therapeutics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
-
Rhea-AI Summary

Johnson & Johnson submitted a supplemental Biologics License Application to the U.S. FDA for TREMFYA® (guselkumab) to treat moderately to severely active Crohn's disease.

The application is based on 48-week results from Phase 3 GALAXI and GRAVITI programs.

Data show TREMFYA®, an IL-23 inhibitor, achieved superior endoscopic outcomes with subcutaneous (SC) and intravenous (IV) induction therapies.

GALAXI demonstrated TREMFYA®'s superiority over STELARA® (ustekinumab) in Crohn's disease.

Both GALAXI and GRAVITI studies met multiple co-primary endpoints, showing significant clinical remission and endoscopic response at various weeks.

If approved, TREMFYA® will be the first IL-23 inhibitor offering both SC and IV induction therapy options for Crohn's disease.

This is Johnson & Johnson's second FDA submission for inflammatory bowel disease this year, after a March submission for ulcerative colitis.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
-
Rhea-AI Summary

Johnson & Johnson announced positive topline results from the Phase 3 GRAVITI study of TREMFYA® (guselkumab) for treating moderately to severely active Crohn's disease. The study met all primary and secondary endpoints, demonstrating significant clinical remission and endoscopic response at Week 12, with continued efficacy at Weeks 24 and 48 compared to placebo. The results highlight TREMFYA® as potentially the only IL-23 inhibitor offering both subcutaneous (SC) and intravenous (IV) induction options. Safety data aligned with the known profile of TREMFYA®. These findings, along with results from the GALAXI studies where TREMFYA® outperformed STELARA® in key endoscopic endpoints, underscore its potential in treating Crohn's disease. A separate study on ulcerative colitis is ongoing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
none
Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) has submitted a Biologics License Application to the U.S. FDA for subcutaneous amivantamab for patients with EGFR-mutated non-small cell lung cancer (NSCLC), based on promising Phase 3 PALOMA-3 study results. These results showed a five-fold reduction in infusion-related reactions and comparable overall response rates to intravenous administration. Additionally, subcutaneous amivantamab demonstrated longer overall survival, progression-free survival, and duration of response. The BLA includes data from the Phase 2 PALOMA-2 study, supporting dosing schedules of every two and every three weeks. This submission follows recent milestones for the intravenous formulation, including FDA approval and a positive CHMP opinion for use in combination with chemotherapy for first-line treatment of NSCLC with EGFR exon 20 insertion mutations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags

FAQ

What is the current stock price of Johnson & Johnson (JNJ)?

The current stock price of Johnson & Johnson (JNJ) is $144.47 as of December 20, 2024.

What is the market cap of Johnson & Johnson (JNJ)?

The market cap of Johnson & Johnson (JNJ) is approximately 347.0B.

What are the main business segments of Johnson & Johnson?

Johnson & Johnson operates through three main segments: pharmaceuticals, medical devices and diagnostics, and consumer health products.

What recent developments have there been in Johnson & Johnson's pharmaceutical division?

Recently, Johnson & Johnson received expanded FDA approval for CARVYKTI®, a therapy for multiple myeloma, based on positive Phase 3 study results.

What products are included in Johnson & Johnson’s consumer health segment?

The consumer health segment includes products in baby care, beauty, oral care, over-the-counter drugs, and women's health.

What is CARVYKTI®?

CARVYKTI® is a one-time infusion therapy for multiple myeloma, recently approved for expanded use due to its efficacy in delaying disease progression.

What percentage of Johnson & Johnson's revenue is generated in the United States?

Over half of Johnson & Johnson’s total revenue is generated in the United States.

What is the focus of Johnson & Johnson’s medical devices segment?

The medical devices segment focuses on orthopedics, surgical instruments, and vision care.

What changes are happening with Johnson & Johnson’s consumer health division?

The consumer health division is being divested in 2023 and will operate under the new name Kenvue.

How does Johnson & Johnson contribute to global healthcare?

Johnson & Johnson develops innovative solutions to prevent, treat, and cure complex diseases, aiming to improve global health.

Where can I find more information about Johnson & Johnson?

More information about Johnson & Johnson can be found on their official website at www.jnj.com.

What therapeutic areas does Johnson & Johnson's pharmaceutical division focus on?

The pharmaceutical division focuses on immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases.

Johnson & Johnson

NYSE:JNJ

JNJ Rankings

JNJ Stock Data

347.01B
2.41B
0.09%
73.15%
0.73%
Drug Manufacturers - General
Pharmaceutical Preparations
Link
United States of America
NEW BRUNSWICK