Johnson & Johnson is an American multinational corporation founded in 1886 that develops medical devices, pharmaceutical and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company is ranked No. 37 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. J&J is one of the world’s most valuable companies.
Johnson & Johnson is headquartered in New Brunswick, New Jersey, the consumer division being located in Skillman, New Jersey. The corporation includes some 250 subsidiary companies with operations in 60 countries and products sold in over 175 countries. Johnson & Johnson had worldwide sales of $70.1 billion during calendar year 2015. Johnson & Johnson’s brands include numerous household names of medications and first aid supplies. Among its well-known consumer products are the Band-Aid Brand line of bandages, Tylenol medications, Johnson’s Baby products, Neutrogena skin and beauty products, Clean & Clear facial wash and Acuvue contact lenses.
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Johnson & Johnson Details
Operating Status:Active
Business TypePublic
HeadquartersNew Brunswick, New Jersey, United States
Founded Date 1886
Organization CEO Alex Gorsky
FoundersRobert Wood Johnson I, James Wood Johnson, Edward Mead Johnson
The Phase 3 trial started on August 31 and enrolled about 30,000 participants at 80 locations. Now it is unclear how long the clinical hold will last. But it is obvious that other pharma companies will have to review their safety measures as well.
This will be the largest ever test so far on the coronavirus vaccine by any pharmaceutical giant. “We are using epidemiology and modeling data to predict and plan where our studies should take place and expect that to be finalized soon,” said Johnson & Johnson.
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