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Pharmaceutical sales up 9%
October 18, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Johnson & Johnson 3Q11 3Q Revenues: $16.0 billion (+7%) 3Q Earnings: $3.2 billion (-6%) YTD Revenues: $48.8 billion (+6%) YTD Earnings: $9.5 billion (-17%) Comments: Worldwide Pharmaceutical sales were $6.0 billion in the quarter (+9%), but domestic sales were down 6%, impacted by generic competition for Levaquin. International sales increased 28%, which reflected an operational increase of 19% and a positive currency impact of 9%. Sales growth was attributed to recently launched produc...
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