J&J opens down despite promise of 11 new blockbusters

17 May 2017

US healthcare giant Johnson & Johnson’s (NYSE: JNJ) and its Janssen pharmaceutical companies expect more than 10 of its new ‘blockbuster’ products to be launched or filed for regulatory approval by 2021.

The company shared this and other news during a pharma business review meeting on Wednesday morning, after which J&J’s share price opened 0.6% down at $127.

As well as the claim over products with blockbuster potential, J&J predicted at least 50 line-extension regulatory filings by 2021.

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