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J&J Rides Consumer Health ‘Growth Annuity’ As Rx, Device Divisions Slow

 
• By Eileen Francis

Johnson & Johnson’s second-quarter U.S. OTC sales jumped nearly 16% on the return of recalled brands and Worldwide Group Chairman Peterson says J&J expects the consumer business to grow “increasingly” more robust.

Johnson &Johnson’s consumer health product business again provides a “growth annuity” as a reliable revenue driver even when sales slump in the more volatile Rx drug and medical device markets, says J&J Worldwide Group Chairman Sandra Peterson.

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