Rebates, Pricing Pressure Weigh On J&J's Q1 Pharma Sales

Apr 18 2017

• By Jessica Merrill

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Johnson & Johnson had to offer steeper discounts in certain therapeutic categories like cardiovascular and metabolic disease, impacting first quarter sales. So far, the impact of a new biosimilar in the US has had minimal impact on Remicade.

US pricing pressure negatively impacted sales of some Johnson & Johnson products in the first quarter, weighing on the pharmaceutical segment, the company said April 18. Pricing pressure was notable in more competitive therapy areas like cardiovascular and metabolic disease, where J&J markets the SGLT-2 inhibitor Invokana (canagliflozen) for diabetes and the blood thinner Xarelto (rivaroxaban).

"In certain parts of the portfolio, cardiovascular and metabolics in particular, that [are] a little bit more crowded, [where] it's...

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