Johnson & Johnson (JNJ) in New Brunswick, N.J., researches and develops, manufactures, and sells a range of products in the healthcare field. It operates through the Consumer, Pharmaceutical, and Medical Devices segments. On Feb. 1, 2022, JNJ’s Janssen Pharmaceutical Companies announced that the U.S. FDA had approved an expanded label for CABENUVA to be administered every two months to treat HIV-1 in virologically suppressed adults. Candice Long, President, Infectious Diseases & Vaccines, Janssen Therapeutics, said, “With this milestone, adults living with HIV have a treatment option that further reduces the frequency of medication.”
The COVID-19 pandemic has highlighted the limitations of the global healthcare sector. Pharmaceutical stocks have garnered significant investor interest since the onset of the pandemic due to their role in developing treatments and vaccines to protect against the deadly virus. This, along with increased lifestyle-related ailments, has helped pharmaceutical companies increase their revenues considerably. Healthcare expenditure per capita growth has exceeded personal consumption growth in the U.S. since 1980. Despite current inflationary pressure, it is difficult for people to reduce their healthcare expenditures. The rapidly aging population is also expected to increase the demand for medicines, which bodes well for pharmaceutical companies.
