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NEW BRUNSWICK, N.J.,
May 23, 2013 /PRNewswire/ -- At a meeting today with industry analysts, senior leaders from the Janssen Pharmaceutical Companies of Johnson &
Johnson (Janssen) announced they anticipate submitting more than 10 new product filings and more than 25 significant brand line extensions by 2017.
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With a unique model of innovation, the Pharmaceuticals segment of Johnson & Johnson (NYSE: JNJ) has built an industry-leading
pipeline that has yielded 11 new product launches since 2009, more than doubling its productivity over the past four years. These new products, coupled with core growth brands, have fueled 12 consecutive quarters of operational sales growth in the segment and contributed significantly to the Company's recent earnings growth.
"Our investment in transformational innovation has enabled strong growth that has allowed us to continue investing in our future portfolio," said
Paul Stoffels, M.D., Chief Scientific Officer, Johnson & Johnson, and Worldwide Chairman, Pharmaceuticals Group. "With a steadfast focus on the most serious unmet medical needs, our approach is to identify the best science — internal and external — to deliver new options and solutions to patients. Today, we have an industry-leading pipeline of truly differentiated products and a track record of success resulting in more new molecular entity (NME) approvals per year at a lower development cost than the industry average."
"We've spent the past five years transforming our business, and the growth we're seeing today is the direct impact of that effort," said
Joaquin Duato, Worldwide Chairman, Pharmaceuticals Group. "The innovative new therapies in our pipeline will drive our next wave of growth. With strong momentum across our global Pharmaceuticals segment, we are executing well against our commercial strategy to gain market share and ensure greater access to our medicines. We're also strengthening our presence in critical geographies and have nearly doubled our footprint in emerging markets during the last five years."
The total global pharmaceuticals market is expected to grow about 4.5% annually and reach an approximate market size of
$1.2 trillion by 2017, according to IMS Health, the independent analysis and market research service that tracks the industry. Among the top 10 global pharmaceutical companies, IMS Health also reports that the Pharmaceuticals business of Johnson & Johnson was the fastest growing in the U.S.,
Japan in 2012, with sales of
$25.4 billion, an operational
* increase of nearly 7% versus 2011. Strong sales growth in the segment continued in the first quarter of 2013, with worldwide sales of
$6.8 billion, an operational
* increase of over 11% versus the prior year. Emerging markets, including
India, comprised nearly 20% of worldwide pharmaceutical sales in the first quarter of 2013.
"We're proud to be one of the most productive pharmaceutical organizations in the world, with a portfolio that includes many 'firsts,' representing meaningful innovations that create significant benefits for patients, enhanced access to markets, and value for shareholders," said
William Hait, M.D., Ph.D., Global Head, Janssen Research & Development, LLC. "We are working to sustain our cycle of success into the next decade and beyond by leveraging the scientific expertise we've built in our core disease areas to identify the best science and deliver innovative solutions for patients."
The Company's approach to innovation has resulted in a revitalized product portfolio for the Janssen Pharmaceutical Companies of near- and long-term compounds in the areas of Immunology, Neuroscience, Infectious Diseases and Vaccines, Cardiovascular and Metabolism, and Oncology.