Cancer drugs help Johnson & Johnson raise sales outlook
Pharmaceuticals unit has cushioned the impact of slow growth in its medical device and consumer health units
16 July 2019 - 16:54
Bengaluru — Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday.
J&J’s pharmaceuticals unit has cushioned impact of slow growth in its medical device and consumer health units, largely due to its cancer drugs, even as some of its older drugs face competition...
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