J&J Shows Grace Under Pressure From Biosimilars And Other Threats

Oncology stars Darzalex and Imbruvica lift a strong fourth quarter, but Remicade biosimilars and pricing discounts continue to threaten to take a bite out of future performance. Tax reform and Amazon's potential entry into healthcare could also affect the diversified firm.

Headed for danger business concept as a man walking on a straight road towards a group of dangerous sharks as a metaphor and symbol of risk and courage from a person on a career path or life journey.

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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