As J&J Sees Continued Drug Price Declines, CEO Urges Slow Policy Change Via Trump's Blueprint

J&J told investors to anticipate negative net drug pricing of 4%-6% across its portfolio in 2018, following a 4.6% negative impact in 2017. CEO Alex Gorsky also cautioned against changing drug pricing policy too quickly.

Moscow, Russia - April, 2017: Johnson & Johnson logo company sign. Johnson & Johnson is an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturer

Johnson & Johnson said it anticipates drug pricing will be a headwind in 2018 as the issue falls under greater scrutiny in the US, but the company expects its pharma business to still deliver robust growth based on strong sales volume gains in oncology, immunology and other areas.

Chief Financial Officer Joseph Wolk told investors during the company's second quarter sales and earnings call July 17 to anticipate...

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