The immediate impact of US tax reform for Johnson & Johnson will be to repatriate cash needed to fund operations – including R&D – and pay down debt, the diversified healthcare giant disclosed in releasing its fourth quarter and full year 2017 sales and earnings.
While the biopharmaceutical industry eagerly awaited corporate tax reform in the US, there's been speculation about how that infusion of cash could fuel a deal-making boom, including mergers and acquisitions
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