Johnson & Johnson (JNJ), commonly known as J&J, is an American consumer healthcare company.
It is a holding company operating through various local and international subsidiaries.
The global company is engaged in manufacturing medical products, pharmaceutical products, and consumer packaged goods. Johnson & Johnson claims to primarily focus on the research, development, and production of healthcare-related products.
The consumer healthcare firm operates through three segments: pharmaceutical, consumer and medical devices.
The company is engaged in the development and manufacturing of consumer products through this segment. The products include baby care, oral care, beauty, skin, pharmaceutical products and primary first-aid care for cuts and wounds. JOHNSON’S® and AVEENO Baby® provides a wide range of products for baby care.
The segment focuses on six human therapeutic areas. The firm develops and manufactures pharmaceutical products catering to immunology, vaccines, infectious diseases, neuroscience, cancers, cardiovascular and metabolism, oncology and pulmonary hypertension. The medicines are distributed across the globe through wholesalers, retailers, health care professionals and hospitals.
Medical Devices Segment
The third business segment focuses on the manufacturing, research, and development of products for orthopedic surgeries, cardiovascular diseases, diabetes care, etc. In addition, the firm also manufactures eye care products such as contact lenses and other ophthalmic products through the unit.
Headquartered in New Brunswick, New Jersey, Johnson & Johnson is a health care giant operating in more than 60 countries through 250 companies.
Founder Robert Wood Johnson along with his younger brothers, James Wood and Edward Mead, established the company in 1886. The first factory unit was opened in New Brunswick, New Jersey.
Operations in the United States reportedly contributes a significant portion to the company’s total revenue.
According to 2020 annual report, STELARA® and DARZALEX® were the highest-selling products, the company claims.
The company’s stocks trade under the ticker 'JNJ' on the New York Stock Exchange.
The firm was reportedly among the Global 2000 and America's Best Employer rankings for 2021.