J&J Seeks Approval for 11 New Drugs
Johnson & Johnson plans to seek approval for 11 new drugs by 2015 as it revives its pharmaceuticals business.
Pharmaceutical major Johnson & Johnson plans to seek approval for 11 new drugs by 2015 to revive its pharmaceuticals business, including medications for Alzheimer's, diabetes and arthritis.
Generic competition to the company's prescription medicines have diminished Johnson & Johnson's earnings over the past two years, and 30 approvals for product line extensions are also being sought.
The company expects US regulators to make a decision this year over its blood-clot preventer Xarelto, to be used in patients undergoing hip and knee replacements, whereas its new Type II diabetes treatment canagliflozin could receive US and European approval next year.
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