Johnson & Johnson Stock Price, News & Analysis

Johnson & Johnson (NYSE: JNJ) will participate in the Cantor Virtual Global Healthcare Conference on September 28, 2021. Mathai Mammen, Global Head of Research & Development at Janssen, and Scott White, Company Group Chairman of NA Pharmaceuticals, will represent the company in a session at 10:00 a.m. ET.

The live webcast can be accessed via the Johnson & Johnson website, with a replay available 48 hours post-event.

Johnson & Johnson (NYSE: JNJ) announced promising data supporting the use of its COVID-19 vaccine as a booster for individuals previously vaccinated with its single-shot vaccine. Interim findings show that a booster dose significantly increases spike-binding antibodies by nine-fold compared to 28 days post-primary vaccination. The company is working with health authorities to discuss potential booster strategies. These results follow earlier Phase 1/2a studies demonstrating strong antibody responses lasting eight months post-vaccination.

Ovarian cancer victims are seeking a court order to prevent Johnson & Johnson (NYSE:JNJ) from moving its $500 billion assets to a subsidiary and declaring bankruptcy. This tactic, referred to as the "Texas Two-Step," aims to shield J&J from over $17 billion in liabilities linked to talc-cancer lawsuits.The plaintiffs argue that this move constitutes fraudulent conveyance, potentially halting over 34,000 claims. A trial in Missouri is scheduled for September 7, raising concerns over the implications for personal injury claimants if J&J's plan proceeds.

On August 19, 2021, Johnson & Johnson (NYSE: JNJ) announced that Alex Gorsky will transition into the role of Executive Chairman while Joaquin Duato, currently Vice Chairman, will become CEO, effective January 3, 2022. Gorsky has led the company as CEO since 2012, overseeing a 60% increase in R&D investments, reaching $12 billion in 2020. He emphasized the company's strong performance across all segments. Duato expressed enthusiasm for leading the company, highlighting its unmatched healthcare platform. The Board acknowledged the effective succession planning that enabled this leadership transition.

On August 12, 2021, Johnson & Johnson (NYSE: JNJ) announced its participation in the Morgan Stanley 19th Annual Global Healthcare Conference scheduled for September 15, 2021. The company will be represented by Joseph J. Wolk, Executive Vice President and CFO, and Mathai Mammen, Global Head of Research & Development, during a session at 9:30 a.m. (Eastern Time). Investors can access the live webcast via the Johnson & Johnson website, with a replay available 48 hours post-event.

Johnson & Johnson (NYSE: JNJ) will participate in the Barclays Global Consumer Staples Virtual Conference on September 10, 2021. The event will feature Thibaut Mongon, Executive Vice President Worldwide Chairman of Consumer Health, speaking at 9:20 a.m. (Eastern Time). Investors and other interested parties can access the webcast via the Johnson & Johnson website. A replay of the webcast will be available approximately 48 hours after the event.

On July 29, 2021, lawmakers proposed reforms to prevent companies like Johnson & Johnson (JNJ) from using bankruptcy to evade liabilities related to talc products linked to ovarian cancer. The Nondebtor Release Prohibition Act aims to close loopholes such as non-consensual third-party releases and the Texas Two-Step strategy. JNJ has a market cap exceeding $400 billion and reported a 27% year-over-year sales increase to $23.31 billion, upgrading its annual forecast to $94.6 billion. Advocacy groups highlight the ethical implications of JNJ's potential bankruptcy strategy, stressing the need for corporate accountability.

Johnson & Johnson (NYSE: JNJ) will participate in the Virtual Wells Fargo Healthcare Conference on September 10, 2021. Joaquin Duato, Vice Chairman of the Executive Committee, is set to represent the company in a session starting at 10:00 a.m. Eastern Time. Interested investors can access the live webcast via the Johnson & Johnson website. A replay of the webcast will be available approximately 48 hours after the event.

Johnson & Johnson (NYSE: JNJ) reported impressive Q2 results with sales of $23.3 billion, up 27.1% year-over-year. Net earnings surged 73.1% to $6.3 billion, resulting in a diluted EPS of $2.35, a 72.8% increase. Key growth drivers included a 62.7% rise in Medical Devices sales, bolstered by market recovery from COVID-19, and a 17.2% increase in Pharmaceuticals, highlighted by strong performances from STELARA and DARZALEX. The Consumer Health segment also contributed with a 13.3% growth, driven by skin health products. JNJ emphasized ongoing innovations and external regulatory approvals.