Skip to NavigationSkip to content

Olysio and Xarelto boost J&J’s Q4

Published on 21/01/15 at 05:36pm
J&J image

Johnson & Johnson earned a 10% increase in worldwide sales of its drugs in the last quarter of 2014 compared with last year according to the firm’s latest financials.

The company’s global drug sales rose from $7.3 billion in Q4 2013 to $8 billion in the last quarter of 2014 – a 9.6% increase. J&J says the results were driven by its pharmaceutical arm Janssen’s new products.

Global sales of Olysio (simeprevir), which has recently been approved for use by NICE as a combination treatment of chronic hepatitis C in adults, rose from $23 million in the last quarter of 2013 to $321m in the same period this year.

Fourth-quarter US sales of oral blood-thinning drug Xarelto (rivaroxaban) nearly doubled from $864m in 2013 to $1.5bn in 2014, while psoriasis biologic Stelara (ustekinumab) rose by $500m in the same time period.

Several older drugs approaching the end of their patents showed a noticeable flattening in sales in 2014 compared with the year before. Whilst blockbuster biologic Remicade (infliximab) increased by $200m, long-standing oncology product Velcade (bortezomib) fell by $42m.

Over the full year worldwide pharmaceutical sales rose from $28.1 billion in 2013 to $32.3bn in 2014 – a 14.9% increase.

The latest results mean J&J has launched 14 new pharmaceutical products since 2009, six of which have passed the $1bn sales threshold. Alex Gorsky, Johnson & Johnson’s chairman and chief executive officer, maintains the company has had ‘a strong year’ and “built significant momentum in our pharmaceutical business”.

He adds: “We delivered solid financial results while continuing to make investments to accelerate growth for the long term. I am proud of our exceptional Johnson & Johnson colleagues who make our success possible with their commitment to advancing health and well-being for patients and consumers around the world.”

Gorsky says the company is also planning 10 new pharma product filings between 2013 and 2017, including esketamine, a glutamate NMDA antagonist that he described as a ‘potential breakthrough medication’ for treatment-resistant depression.

Other pipeline products include an anti-CD38 antibody daratumumab for multiple myeloma; ARN-509, a next-generation androgen receptor inhibitor for prostate cancer; IL-6 inhibitor guselkumab for psoriasis; IL-23 inhibitor sirukumab for rheumatoid arthritis, and revisiting the development of the anti-nerve growth factor antibody fulranumab for osteoarthritic pain – which was placed under an FDA clinical hold in 2011 after being linked to an increased risk of joint damage.

Lilian Anekwe

Mission Statement is a leading portal for the pharmaceutical industry, providing industry professionals with pharma news, pharma events, pharma service company listings and pharma jobs,
Site content is produced by our editorial team exclusively for and our industry newspaper Pharmafocus. Service company profiles and listings are taken from our pharmaceutical industry directory, Pharmafile, and presented in a unique Find and Compare format to ensure the most relevant matches