Reportedly, Dow 30 component Johnson & Johnson (JNJ) warned that the impact of high inflation and China’s major COVID-19 outbreak may creep into 2023 impacting sales in the first half of the year at its medical devices segment. J&J forecast 2023 sales of $96.9 billion to $97.9 billion, putting the midpoint of the range below market estimates. The healthcare giant forecast adjusted 2023 earnings of $10.45 to $10.65 per share, above analysts’ estimates of $10.35.
J&J also recorded $821 million in COVID-19 vaccine-related costs, which were related to changes in its research program and manufacturing capacity. Excluding items, J&J earned $2.35 per share for the quarter, exceeding analysts’ estimates by 12 cents.
Dow 30 component Johnson & Johnson (JNJ) is a worldwide healthcare-focused company that embraces research and science so that it can provide customers with innovative ideas, products, and services. To learn more about Johnson & Johnson (JNJ) and to continue to track its progress visit the Vista Partners Johnson & Johnson Coverage Page.
If you liked this story please consider, visiting the Atossa Therapeutics (ATOS) dedicated page at Vista Partners to learn about the Seattle-based clinical-stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a current focus on breast cancer and lung injury caused by cancer treatments.
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PROGRESS REPORT: InMed Pharmaceuticals Provides Business Update & Milestones
On January 10, InMed Pharmaceuticals Inc. (Nasdaq: INM) issued a press release ,which outlined their key accomplishments from 2022 and provided business update and catalysts for 2023 including the following interesting milestones for 2023:
- Complete Phase 2 clinical trial enrollment in Epidermolysis Bullosa in 1Q 2023
- Progress preclinical research in glaucoma in preparation for human trials
- Advance research using rare cannabinoids in treating neurodegenerative diseases such as Alzheimer’s, Huntington’s and Parkinson’s
REVIEWING InMed’s 2022 ACCOMPLISHMENTS