On May 20, about 100 stock analysts gathered in the ballroom of the Hyatt Regency Hotel in New Brunswick, New Jersey, to hear good news from top executives at Johnson & Johnson: The company had 10 new drugs in the pipeline that might achieve more than a billion dollars in annual sales.
For 129 years, New Brunswick has served as the headquarters of J&J, America’s seventh most valuable public company. With consumer products from Band-Aids to baby powder, Neutrogena to Rogaine, Listerine to Visine, Aveeno to Tylenol and Sudafed to Splenda, Johnson & Johnson is the biggest and, according to multiple surveys, most admired corporation in the world’s most prosperous industry—healthcare.
But the real money—about 80 percent of its revenue and 91 percent of its profit—comes not from those consumer favorites, but from Johnson & Johnson’s high-margin medical devices: artificial hips and knees, heart stents, surgical tools and monitoring devices; and from still higher-margin prescription drugs targeting Crohn’s disease (Remicade), cancer (Zytiga, Velcade), schizophrenia (Risperdal), diabetes (Invokana), psoriasis (Stelara), migraines (Topamax), heart disease (Xarelto) and attention deficit disorder (Concerta).
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Image: Breaking News and Opinion on The Huffington Post
As anyone who’s ever paid a health insurance premium or a hospital bill knows, medical care is expensive. What Americans may not know is that residents of other countries don’t pay nearly as much for the same things.
The latest data from the International Federation of Health Plans, an industry group representing health insurers from 28 countries including the United States, once again illustrates that American patients pay the highest prices in the world for a variety of prescription drugs and common procedures like childbirth and hospital stays.
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Americans pay higher prices for many prescription drugs and medical treatments than citizens of other nations, a new report shows.
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Drug abuse is a scary thing. To further illustrate that point, Rehabs.com has posted a follow up to its anti-methamphetamine campaign “Horrors of Meth.”
“Faces of Drug Arrests,” a new series of shocking images, depicts the decline of different suspects physical appearance over the years via their mugshots. The individuals shown were all arrested for drug and drug-related offenses involving meth, heroin, cocaine, and prescription drugs.
It’s worth noting that some of the changes in these suspects’ faces could be due to natural aging, and other issues, such as hygiene or illness, could contribute to the dramatic transformations captured in the series.
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Image: Breaking News and Opinion on The Huffington Post
James' World 2 