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.
Johnson & Johnson (NYSE: JNJ) announced leadership changes in its Human Resources department. Dr. Peter M. Fasolo, Executive Vice President and Chief Human Resources Officer, will retire at the end of 2023 after 16 years with the company. He will be succeeded by Kristen Mulholland, effective October 1, 2024.
Mulholland, a veteran J&J employee since 2005, will also join the Executive Committee. She has held various HR leadership positions across the company's sectors and most recently served as Head of Human Resources, Global Total Rewards & Enterprise HR Functions.
During his tenure, Fasolo strengthened J&J's global Diversity, Equity & Inclusion outcomes, expanded employee benefits, and transformed the HR function's talent and leadership strategy. The transition period will allow for a smooth handover of responsibilities.
Johnson & Johnson (NYSE: JNJ) has announced its plan to acquire V-Wave , a company developing innovative heart failure treatments, for an upfront payment of $600 million with potential additional payments up to $1.1 billion. V-Wave's key product is the Ventura® Interatrial Shunt (IAS), a minimally invasive device designed to treat heart failure with reduced ejection fraction (HFrEF). This acquisition aims to strengthen J&J MedTech's position in cardiovascular care and address a significant treatment gap for approximately 800,000 HFrEF patients in the U.S. annually. The device has received FDA Breakthrough Device Designation and CE mark. The transaction is expected to close before the end of 2024, subject to regulatory approvals.
Johnson & Johnson (NYSE: JNJ) announced FDA approval of RYBREVANT® plus LAZCLUZE™ as the first chemotherapy-free treatment for EGFR-mutated advanced lung cancer. This combination reduced the risk of disease progression or death by 30 percent compared to osimertinib, with a nine-month-longer median duration of response. The approval is based on the Phase 3 MARIPOSA study results.
Key points:
- First-line treatment for adult patients with locally advanced or metastatic NSCLC with specific EGFR mutations
- Median progression-free survival: 23.7 months vs 16.6 months for osimertinib
- Median duration of response: 25.8 months vs 16.7 months for osimertinib
- Safety profile consistent with individual treatments
A South Carolina jury has awarded $63.4 million to Michael Perry, who sued Johnson & Johnson (NYSE:JNJ) claiming its Baby Powder caused his mesothelioma. The verdict includes $32.6 million in compensatory damages and $30.7 million in punitive damages. The jury found both J&J and co-defendant American International Industries negligent and liable, determining their actions were "willful, wanton or reckless".
Evidence presented showed J&J knew its talc-based products contained asbestos since 1970 but kept them on the market until 2019. This verdict follows a $260 million asbestos-related verdict against J&J in Oregon earlier this year, marking the fourth jury verdict in favor of Dean Omar Branham Shirley's clients in 2024.
Attorneys representing ovarian cancer victims in lawsuits against Johnson & Johnson (NYSE:JNJ) are advocating for the Ending Corporate Bankruptcy Abuse Act (ECBA). This bipartisan legislation aims to prevent solvent companies from using the 'Texas Two-Step' bankruptcy process to avoid lawsuit liabilities. J&J has twice attempted to use this tactic to resolve talc-related ovarian cancer claims.
The ECBA would treat such bankruptcy filings as bad faith and prohibit stays of litigation against non-bankrupt affiliates. Co-lead counsels Michelle Parfitt and Leigh O'Dell emphasize the legislation's importance in protecting justice and fairness. They highlight the financial devastation faced by victims, with average medical costs exceeding $220,000, while J&J earned over $83 billion in 2023.
The legislation has support from both Democratic and Republican lawmakers, who criticize the abuse of the bankruptcy system by wealthy corporations at the expense of harmed individuals. There are currently over 57,000 pending cases in the J&J Talcum Powder Products Liability Litigation.
Johnson & Johnson (NYSE: JNJ) announced promising results from the Phase 2 UNITY study of nipocalimab for treating pregnant individuals at risk of early onset severe (EOS) hemolytic disease of the fetus and newborn (HDFN). The study, published in The New England Journal of Medicine, met its primary endpoint with 54% of participants achieving live birth at or after 32 weeks without needing intrauterine transfusion (IUT).
Key findings include:
- Nipocalimab delayed or prevented severe fetal anemia
- Reduced need for IUTs in high-risk pregnancies
- 92% live births in study pregnancies vs. 38% in qualifying pregnancies
- No incidences of fetal hydrops in study pregnancies
The AZALEA Phase 3 study is currently enrolling patients to further assess nipocalimab's efficacy and safety in severe HDFN treatment.
Johnson & Johnson (NYSE:JNJ) announced FDA approval for DARZALEX FASPRO® in combination with bortezomib, lenalidomide, and dexamethasone (D-VRd) for newly diagnosed multiple myeloma patients eligible for autologous stem cell transplant. The approval is based on the Phase 3 PERSEUS study, which showed:
1. 60% reduction in risk of disease progression or death with D-VRd compared to VRd
2. Improved minimal residual disease negativity rates: 57.5% vs 32.5%
3. Deeper responses at the end of consolidation
This quadruplet therapy offers a new frontline treatment option that may significantly improve outcomes for patients. The safety profile was consistent with known profiles for DARZALEX FASPRO® and VRd.
Johnson & Johnson (NYSE: JNJ) has announced its participation in the 2024 Wells Fargo Healthcare Conference on Thursday, September 5th, at the Encore Boston Harbor, Evertte, MA. Tim Schmid, Executive Vice President and WorldWide Chairman of MedTech, will represent the company in a session scheduled for 11:00 am (Eastern Time).
The event will feature a live audio webcast accessible to investors and interested parties through the Johnson & Johnson website at www.investor.jnj.com. An audio replay will be available approximately 48 hours after the webcast concludes. This conference provides an opportunity for JNJ to showcase its latest developments and strategies in the healthcare sector.
Johnson & Johnson (NYSE: JNJ) faces significant challenges in its third attempt to use the 'Texas Two-Step' bankruptcy strategy to manage talc-related liabilities. The U.S. Court of Appeals for the 3rd Circuit recently rejected J&J's previous bankruptcy attempt, deeming it filed in bad faith. Additionally, bipartisan legislation, the Ending Corporate Bankruptcy Abuse Act (ECBA) of 2024, has been introduced to ban such maneuvers.
J&J faces a July 26 deadline for talc claimants to vote on a third bankruptcy attempt. Critics argue the proposed compensation unfairly shortchanges victims. The company needs 75% approval to proceed with another Texas Two-Step filing in Texas. Lawyers representing ovarian cancer victims urge J&J to abandon this strategy and provide fair compensation.
Today at 5pm ET marks the final deadline for ovarian cancer victims to vote on Johnson & Johnson's (NYSE: JNJ) $8 billion talcum powder settlement. The plan, with a net present value of $6.475 billion, aims to compensate current and future claimants harmed by J&J's talc products. Ovarian cancer claimants are expected to receive $75,000 to $150,000 each on average.
The Ad Hoc Group of Counsel, representing over 77,500 individuals, urges all affected to vote YES, emphasizing that 75% approval is needed. They refute claims by opposing law firms, stating that the settlement offers a fair and timely resolution compared to prolonged litigation. Claimants can vote at www.OfficialTalcClaims.com or by calling 1-888-431-4056.
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