J&J Extends Delay In Returning Some OTCs To Market

CFO Caruso says operating under a consent decree with “a third party in the manufacturing facilities with us” makes it “very difficult for us to predict exactly when products will return.” Some products will not return to stores until 2013, significantly later than the original goal to relaunch all recalled liquid OTCs before 2012.

Johnson & Johnson is “making good progress” in remediating quality control problems linked to massive OTC recalls beginning in 2009, but has again pushed back the anticipated return of some recalled brands to 2013, a top executive says.

Subsidiary McNeil Consumer Healthcare has “achieved all the major commitments to date” under its consent decree with FDA, J&J Chief Financial Officer Dominic Caruso said March 6 at the...

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