Johnson & Johnson's Profit Is Boosted by Pharmaceuticals Business —Update
Provided by Dow Jones By Matt Grossman and Peter Loftus Strong sales growth from pharmaceuticals lifted Johnson & Johnson's revenue in the latest quarter, even as the coronavirus pandemic weighed on other parts of the company's business. As the health-products company nears the release of pivotal data from a final-stage study of its Covid-19 vaccine, Johnson & Johnson said the pandemic was continuing to drag down sales of its medical devices as people postponed elective procedures. But modest growth in consumer-health products also contributed to the sales boost...