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";s:4:"text";s:10747:"One of the first product lines developed by this venture was the Mylanta brand of gastrointestinal products. ; Johnson & Johnson Sales an d Logistics Company; Johnson & Johnson Vision Care, Inc.; LifeSca n, Inc.; McNeil Nutritionals, LLC; Neutrogena Corporation; Noramco, I nc. In late 1998 J&J announced that i t would reduce its workforce by 4,100 and close 36 plants around the world over the succeeding 18 months. J&J was able to recoup its losses through several marketing strat egies. This signaled the beginning of an ongoing battle betw een American Home Products Corporation, maker of Anacin, and McNeil L aboratories. ; the department for sanitary napkin production was initially call ed the Modess division and then became the Personal Products Company; birth control products were under the supervision of the Ortho Pharm aceutical Corporation; and the separate division for suture business became Ethicon, Inc. Gorsky is perhaps best known for his active involvement in the sale of the antipsychotic medication Risperdal, for which Johnson & Johnson later suffered multi-million dollar penalties in several US states. Meantime, the company expanded its feminine hygiene lin e through the 1973 acquisition of the German firm Dr. Carl Hahn G.m.b .H., maker of the o.b. In 1992 J&J instituted its "Signature of Quality" program, which urged th e corporation's operating companies to focus on three general goals: "Continuously improving customer satisfaction, cost efficiency and th e speed of bringing new products to market. United States. J&J spent another billion dolla rs in 1995 for the clinical diagnostics unit of Eastman Kodak Company , which was particularly strong in the areas of clinical chemistry, w hich involves the analysis of simple compounds in the body, and immun o-diagnostics. In 2001, he was appointed president of Janssen, and in 2003, he was named Company Group Chairman of Johnson & Johnson's pharmaceuticals business in Europe, the Middle East and Africa. J&J al ready marketed one of the leading knee replacement devices in the Uni ted States, making for a nice fit between the two companies. Net earnings had nearly quad rupled since 1989, while net sales nearly tripled over the same perio d. Early 2000s Developments: ALZA, Cypher, Guidant. Alex Gorsky is Chairman/CEO at Johnson & Johnson. A series of acquisitions in the mid-1990s, however, ushered in a period of more rapid growth, with revenues hitting $ 21.62 billion by 1996, a leap of 53 percent from the 1993 level. In 1990, meantime, J&J formed Or tho Biotech Inc. to consolidate the company's research in the burgeon ing biotechnology field, an area J&J had been active in since the 1970s. More significant was the acquisiti on the following year of Neutrogena Corporation for nearly $1 bil lion. The percentage of deaths due to infe ctions following surgery was quite high, and hospitals were eager to find a solution. Though J&J succeeded i n being first to market with a drug-coated stent, and the product ach ieved strong first-year sales of $1.4 billion, Cypher quickly fac ed stiff competition from Boston Scientific Corporation's Taxus drug- coated stent. Burke convinc ed J&J Chairman Richard Sellars that they should meet this compet ition head on by dropping Tylenol's price to meet Datril's. T o bolster public confidence in its product, J&J used three layers of protection, two more than recommended, when Tylenol was put back on store shelves. In January 2011, he was named vice chairman of Johnson & Johnson's executive committee. [4] Gorsky was also the architect of an illegal kickback scheme involving Risperdal and Omnicare, the largest supplier of pharmaceutical drugs to nursing homes. Both products claimed to work better than Tylenol's acetaminophen formulation. Other impo rtant developments during this period included the 1995 introduction of an Acuvue disposable contact lens designed to be worn for just one day but priced at a reasonable level, and the 1995 U.S. approval of the antacid Pepcid AC, an OTC version of Merck's Pepcid that was deve loped by the Johnson & Johnson-Merck joint venture. Fisk Johnson, Chairman and CEO since 2004, is the fifth generation of the Johnson family to lead the company. Sellars, Hofmann's protégé, had become chairman in 1973 , and served in that position for three years. In meeting their needs everything we do must be of high quality. The move compounded market share erosion from Am erican Home Products' Advil ibuprofen. J&J's p harmaceutical products include drugs for family planning, mental illn ess, nervous system diseases, gastroenterology, oncology, immunothera py, cardiovascular disease, pain management, allergies, and other are as. By 2004 the number of persons who had all egedly died from the use of the drug had risen to more than 415, and more than 400 lawsuits representing the interests of about 5,900 plai ntiffs had been filed against J&J's Janssen unit, the maker of Pr opulsid. In 2006, Johnson & Johnson’s history came full circle, when it bought Pfizer Consumer Healthcare, acquiring, among other brands, Joseph Lister’s own product Listerine. In May 1977 Extra corporeal Medical Specialties, a manufacturer of kidney dialysis and intravenous treatment products, became part of the corporation. ; Janssen Pharmaceutica Produc ts, L.P.; Johnson & Johnson Consumer Products Company; Johnson &a mp; Johnson Development Corporation; Johnson & Johnson Gateway, L LC; Johnson & Johnson Health Care Systems Inc.; Johnson & Joh nson - Merck Consumer Pharmaceuticals Co. (50%); Johnson & Jo hnson Pediatric Institute, L.L.C. In 1997, in exchange for several consumer products, J&J acquired the OTC rights to the Motrin bran d of ibuprofen pain relievers from Pharmacia & Upjohn. Early History: From Surgical Dressings to Baby Cream. : Possible J&J Buy of Guidant D raws Skeptics,", Alsop, Ronald, "Johnson & Johnson (Think Babies!) J ames Burke's savvy, yet honest, handling of the Tylenol tampering inc ident earned him a spot in the National Business Hall of Fame, an hon or awarded in 1990. He is the seventh person to serve as chair and CEO of Johnson & Johnson since it became a publicly traded company in 1944. The company's well-know n line of consumer products includes the Johnson's baby care line, th e Neutrogena skin and hair care line, o.b. Also in 2001, J&J's LifeScan unit was bolstered through the $1.3 billion purchase of the diabetes- care-products business of Inverness Medical Technology Inc., producer of devices used by diabetes patients to monitor their blood-sugar le vels. The company is one of the oldest family-owned businesses in the U.S, beginning in 1886 when Samuel Curtis Johnson purchased the parquet flooring division from the Racine Hardware Manufacturing Company and named the new business S. C. Johnson. In 1989 the infant products divis ion was joined with the health and dental units to form a broader con sumer products segment, eliminating approximately 300 jobs in the pro cess. Johnson joined forces with his brothers, James Wood Johnso n and Edward Mead Johnson, and the three began producing dressings in 1886 in New Brunswick, New Jersey, with 14 employees in a former wal lpaper factory. In pharmaceuticals, J&J once again turned acquisiti ve to bolster a somewhat somnolent drug-development pipeline, buying Scios Inc. in April 2003. Mass production began and the dressings were shipped in large quantities throughout the United States. Bristol-Myers Company in troduced Datril and advertised that it had the same ingredients as Ty lenol but was available at a significantly lower price. Principal Subsidiaries: ALZA Corporation; BabyCenter, L.L.C. The skin care line had received a boost in 1993 through the purchase of R oC S.A. of France, a maker of hypoallergenic facial, hand, body, and other products under the RoC name. Another subsidiary that grew through acquisitions in this period was Ethicon Endo-Surgery, Inc., which had been spun off from Ethicon in 1 992 to concentrate on endoscopic, or minimally invasive, surgical ins truments. Principal Operating Units: Consumer; Medical Devices and Diagn ostics; Pharmaceutical. Just one year after the acquisi tion, McNeil launched Tylenol as an over-the-counter (OTC) medication . From the beginning, J&J was an advocate of antiseptic surgical pr ocedures. With Centocor and Ortho Biotech und er its wing, J&J was now one of the world's leading biotech firms . In 1986 J&J acquired LifeScan, Inc., maker of at- home blood-monitoring products for diabetics. No single J&J p roduct accounted for as much as 5 percent of the company's total sale s. With Burke at the helm, consumer products began to be promoted agg ressively, and Tylenol pain reliever became J&J's number one sell er. Last edited on 23 September 2020, at 15:19, Learn how and when to remove this template message. The younger Robert Johnson, who came to be known as "the General," ha d joined the company as a mill hand while still in his teens. 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In 1943 Johnson wrote a credo outlining the company's four areas of social responsibility: f irst to its customers; second to its employees; third to the communit y and environment; and fourth to the stockholders. ; Johnson & Johnson Pharmaceutic al Research & Development, L.L.C. Robert Wood Johnson founded Johnson & Johnson in 1886, providing the world with dental floss and first-aid kits and cursing his descendants with billions of dollars and years of family infighting. The establishment of a bacteriological laboratory in 1891 gave resear ch a boost, and by the following year the company had met accepted re quirements for a sterile product. ";s:7:"keyword";s:31:"johnson and johnson ceo history";s:5:"links";s:952:"Tucson Arena Ticket Office Hours,
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