Johnson & Johnson Shows Health Economy Is Nearing Full Strength

After a year of pandemic-related disruptions, the healthcare industry has nearly returned to business as usual. Wall Street doesn’t yet seem to have noticed.

Take Johnson & Johnson for instance. Investors and the general public have focused lately on Johnson & Johnson’s Covid-19 vaccine, the rollout of which has been paused by regulators in the U.S. as adverse events are reviewed. While European regulators declined to halt the vaccine on Tuesday, and shots could resume soon in the U.S., the vaccine itself isn’t material to the company’s finances.of $22.3 billion and adjusted earnings of $2.59 a share; those figures grew by about 8% and 12.5% from a year earlier, respectively. J&J booked $100 million of Covid-19 vaccine sales in the quarter, less than 1% out of its total revenue.

But while the vaccine sales aren’t material, progress in fighting the pandemic has a major positive impact on J&J’s business. Medical-device revenue reached $6.6 billion in the quarter, good for 11% growth from the same period a year earlier, when elective surgical procedures ground to a halt in key markets like China and the United States. And there is room for further improvement.

Meanwhile, sales in the pharmaceuticals unit reached $12.2 billion. That is up nearly 10% from a year earlier, thanks to strong sales of cancer drugs like Darzalex and Imbruvica.

Source: Financial Digest (financialdigest.net)

Yeah, I'm sure they are strong.

US futures now higher. Dow +38 near midnight EST. vaccine

Dogecointothemoon it's going to Skyrocket today

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