Johnson & Johnson is trading at $104.61. The share price is down 1.1% since the company revealed its second-quarter figures in July, when revenue increased 9.1% to $19.5 billion and EPS rose by 12.9% to $1.66, both exceeding analysts’ estimates.
The CEO Alex Gorsky stated the strong second quarter was attributable to the ‘success of new product launches’. Global pharmaceutical sales jumped 21% to $8.5 billion and this was partially due to the popularity of its new drug Olysio, which is used to treat hepatitis C. Revenues at the consumer division rose by 2.4% while the medical services unit eked out a 0.7% increase in sales. Mr Gorsky hinted at going on the acquisition trail to increase the company’s portfolio in the medical services field.
Equity analysts are very bullish on the stock. Out of the 29 recommendations, 15 are buys, 13 are holds and only one is a sell.
Over the past month the stock has been rangebound between $102-$106. The 200-day moving average of $99.25 is providing support while robust numbers could put the stock on a path to $110.
...
PharmaMar Recibe el Ok de la FDA Para Iniciar Fase I con PM54 en Combi con Inmuno Para Posible Tratamiento . PARA EI RELEVO DE LURBINECTEDIN ESTABAN PM184 Y PM14 AMBOS RETIRADOS POR LA CIA. AHORA HAY OTROS DOS FÁRMACOS EN FASE I EN EL INTENTO DE RELEVAR A LURBINECTEDIN : PM54 Y PM534 ... EL PROBLEMA ES QUE AMBOS AÚN ESTAN EN FASE I CON TODO LO QUE ESTO IMPLICA EN CUESTIÓN DE PLAZOS ... YA QUE PARA REALUZAR 3 FASES CLÍNICAS HACEN FALTA DE 12 A 15 AÑOS ... NOS IRÍAMOS AL 2040.