Johnson & Johnson to submit applications for at least 10 new drugs by 2023

Johnson & Johnson to submit applications for at least 10 new drugs by 2023

Johnson & Johnson said on Wednesday it expected to file marketing applications for at least 10 new drugs between 2019 to 2023, to strengthen its pharmaceuticals unit which has been a major growth driver.

FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California
FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake

REUTERS: Johnson & Johnson said on Wednesday it expected to file marketing applications for at least 10 new drugs between 2019 to 2023, to strengthen its pharmaceuticals unit which has been a major growth driver.

This is part of the healthcare conglomerate's plan to deliver above-market growth through 2023 at its Janssen unit, it said. The plan comes ahead of J&J's business review, scheduled later on Wednesday.

The company said it would discuss four medicines that are new to J&J's pipeline of drugs at its review as well as therapeutic areas such as gene therapy and RNA therapeutics.

(Reporting by Manas Mishra in Bengaluru; Editing by Arun Koyyur)

Source: Reuters

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