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Johnson & Johnson (JNJ)

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  • Jun. 25, 2012, 2:58 PM
    The FDA will convene an advisory panel meeting this week to discuss metal-on-metal hip implants made by Johnson & Johnson (JNJ -0.2%) and Zimmer Holding (ZMH -1.8%), which have been the subject of thousands of patient lawsuits. The metal devices have been linked to almost 16,800 adverse events in the U.S. between 2000 and 2011, according regulators, and need more consistent testing to help lower high failure rates that lead to risky replacement surgeries. (draft report)
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  • Jun. 22, 2012, 1:55 PM
    Johnson & Johnson (JNJ +0.4%) receives a favorable Barron's write-up. The paper talks up J&J's 3.7% dividend yield, low P/E, diverse product line, and new drug launches, along with its recently-closed acquisition of medical device maker Synthes. (earlier)
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  • Jun. 22, 2012, 5:00 AM
    The FDA has blocked J&J's (JNJ) application to widen the use of its Xarelto blood thinner to prevent heart attacks and strokes in people with acute coronary syndrome, a market estimated at $1B. J&J said it will work with the FDA to address their questions, indicating it hasn't given up hope of eventually getting the authorization.
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  • Jun. 20, 2012, 7:20 PM
    Johnson & Johnson (JNJ) says it's close to settling a DoJ probe into the off-label marketing of its antipsychotic medication Risperdal. The settlement is expected to be one of the largest for a drug-marketing case, as JNJ and the government discuss a payment of $1.5B - $2B or higher.
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  • Jun. 15, 2012, 6:10 PM
    Shares of orthopedics stocks rose today after privately held Biomet said FQ4 sales rose 3.4%. Industry sales have been weak as people delay hip and knee replacement surgeries in the weak economy. Biomet, which reports earlier than peers, is viewed as an indicator for the rest of the industry. The news boosted ZMH +4.2%, SYK +3.5%, WMGI +1.8%, JNJ +0.9%.
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  • Jun. 13, 2012, 9:20 AM
    J&J (JNJ) +1.5% as it receives a trio of upgrades, including one from JPM for the first time in four years. The bank raises J&J to to "overweight" from "neutral," citing the company's recently launched cancer, hepatitis and HIV drugs. Meanwhile, Jefferies increases J&J to "buy" and Raymond James to "outperform." (see also)
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  • Jun. 13, 2012, 2:44 AM
    U.S. regulators cleared J&J's (JNJ) $19.7B purchase of Synthes. The transaction will close tomorrow. A J&J subsidiary initiated ~$12.9B in accelerated buyback agreements to help finance the cash-and-stock acquisition. The Synthes deal will add $0.03-0.05 to 2012 EPS, a turnaround from prior forecast of a $0.22/share reduction. In 2013, it will add $0.10-0.15 to EPS, ex-certain items.
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  • Jun. 12, 2012, 11:41 AM
    These 20 stocks will do well no matter what, UBS says: SUN, KMI, NUE, MWV, MAS, IRM, WYNN, LEG, RAI, MO, BMY, JNJ, CINF, PBCT, SAI, PAYX, FTR, WIN, PGN, POM. These stocks boast strong dividend payouts, and "tend to provide the most consistent alpha without the need for more tactical management."
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  • Jun. 11, 2012, 4:29 PM
    Johnson & Johnson (JNJ) has won FTC approval to acquire Swiss medical device maker Synthes, more than a year after the deal was first announced. In exchange for the go-ahead, J&J promises to sell a product used to treat serious wrist fractures and other assets to Biomet. The EU approved the acquisition in April following a pledge by J&J to sell its trauma ops in the region. (earlier)
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  • Jun. 11, 2012, 5:35 AM
    J&J (JNJ) may announce this week that it has agreed to pay up to $2.2B to settle investigations into how it marketed its Risperdal antipsychotic treatment and other drugs, and claims it paid kickbacks to Omnicare (OCR), Bloomberg reports. The company will make a misdemeanor plea, with the deal including a criminal penalty of as much as $600M.
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  • Jun. 10, 2012, 3:21 AM
    Sanofi (SNY) and J&J (JNJ) present data for Type 2 diabetes treatments that show they're more effective in lowering blood-sugar levels than Merck's (MRK) $3.3B market leader Januvia. However, Lantus from Sanofi, which is already approved, and canagliflozin from J&J, which isn't, have their drawbacks.
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  • Jun. 8, 2012, 4:59 PM
    Johnson & Johnson (JNJ) says it expects to incur a special charge in Q2 of ~$600M to increase its accrual for the potential settlement of previously disclosed civil litigation matters related to Risperdal, Invega, Natrecor and Omnicare (OCR).
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  • Jun. 8, 2012, 9:04 AM
    The sell-off in Europe has left in its wake several dividend payers selling for better multiples and offering higher yields than their U.S. counterparts. At 4.82%, Novartis (NVS) yields 90 bps more than JNJ. France Telecom (FTE)  yields 14.9% with a PE of 6.4 vs. 23.4 for its peers. The full list.
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  • Jun. 5, 2012, 3:59 PM
    Pharmacyclics' (PCYC +5.2%) ibrutinib has substantial commercial potential, says Needham. After reviewing the data, Needham sees PCYC and collaborator Johnson & Johnson (JNJ -0.1%) being in a strong position given the drug's potential as both a front-line and relapsed or refractory agent. The firm believes a single-agent Phase 3 trial in front-line elderly chronic lymphocytic leukemia cases may be possible by the end of this year.
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  • Jun. 5, 2012, 12:41 PM
    J&J's (JNJ -0.35%) Ethicon unit yesterday said it intends to stop selling four vaginal mesh implants that are the subject of lawsuits from over 600 women, who say the devices caused them internal injuries. (previous)
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  • Jun. 4, 2012, 9:10 AM
    "You have the 10-year note at less than 1.5% and you have stocks like JNJ yielding almost 4%," says Marc Faber, making the case for stocks over bonds. "If you have a time horizon of 10 years, I believe you're going to make more money in JNJ than you will in (Treasurys)."
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Company Description
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale ofproducts in the health care field within its Consumer, Pharmaceutical and Medical Devices, and Diagnostics business segments.