The 130-year old healthcare conglomerate sells everything from baby shampoo to surgical staples and cancer drugs (it also divested itself of Splenda, the artificial sweetener.) That diversification helped buoy giant J&J in 2015; the company’s strong pharmaceutical sales made up for the less impressive performances of its consumer and medical device divisions. The company’s revenues grew 2.6% in the US, but slid 5.7% worldwide in 2015, largely due to currency fluctuations and the sharp decline in sales of its Hepatitis C drug, Olysio.
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Their open letter was published on Wednesday.
Including Pfizer and Merck
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There were disagreements about J&J's offer price and the proposed deal's structure.
The Dow is up almost 8% in the month since Donald Trump was elected.
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Group Worldwide Chairman Sandi Peterson explains
Group worldwide chairman Sandi Peterson explains
According to this Johnson & Johnson exec