J&J promises 20 new drugs to back pharma growth through end of decade, as John Reed shares his plans
Johnson & Johnson is laying out its drug development ambitions under its new R&D chief, projecting that it will bring in billions of dollars in added sales from new drugs in cancer, immunology and other areas, as well as some high-risk bets in Alzheimer’s disease.
The company shared the long-term projections as part of one of the business updates it holds every few years. J&J is forecasting that drug sales will grow 5% to 7% a year from 2025 to 2030, off a projected base of $57 billion in 2025. And it’s promising investors 20 new drugs and 50 expanded products, including 10 with peak sales of $5 billion or more.
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