Johnson & Johnson and its subsidiaries (the Company) have approximately 127,600 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the health care field…
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The Company conducts business in virtually all countries of the world with the primary focus on products related to human health and well-being. The paper presents the financial ratio analysis of Johnson & Johnson for the past three financial years and highlights its financial outlook. The ratios presents the company’s financial outlook is strengthened and is able to manage its finances prudently. The ratio analysis shows that the company has enough liquid assets through which it can pay off its liabilities and also can finance its operation for the foreseeable future. Moreover, the company is efficient enough, as represented by the ratios, to reduce its cash operating cycle and convert its sales into money quickly. The analysis shows that it would be prudent to invest in the company as the shareholders can earn significant return through capital gain, by disposing the shares later, and also through dividend. Introduction to the Pharmaceutical Industry in United States The top of the worldwide pharmaceutical market is the US and it is expected to hit almost $345 billion in 2014. The second largest market is the Japanese market and then the European market including Germany France, and Chinese market (Market line industry guide, 2012). However, the International Federation of Pharmaceutical Wholesalers (IFPW) shows that growth rates in developed and developing markets based on their capability to recover from the economic crisis is significantly inconsistent. According to the research of Urch Publishing (2012), the global pharmaceutical industry in 2014 is expected to be worth over $1 trillion with a 5% compound annual growth rate. The pharmaceutical industry becomes more competitive. Major competitor companies Company HQ location Pharmaceutical Segment Sales Total revenue Share of pharmaceutical segment $Million $Million % Johnson & Johnson US 25,400 67,224 38% Pfizer US 51,214 58,986 87% Novartis Switzerland 32,153 56,673 57% Merck US 40,601 47,267 86% Roche Switzerland 35,200 45,500 77% Sanofi-Aventis France 39,940 42435 94% AstraZeneca UK 43,143 43,143 100% GlaxoSmithKline UK 27,758 40,722 68% Eli Lily US 19,934 22,603 88% Source: 2012 Annual Report of the companies As Table5 shows, the majority of the largest pharmaceutical companies not only focused exclusively on pharmaceutical products such as AstraZeneca and Sanofi-Aventis but also developed and manufactured other health care products. However, they still regard pharmaceutical partitions as the core of their business that offer over 50% of their incomes. However, Johnson & Johnson is an exception because its sales of pharmaceutical products are 38% of total sales. I will analyze GlaxoSmithKline firstly because it is significant competitor of AstraZeneca in the UK. GlaxoSmithKline (GSK) is a science-led global healthcare corporation researches and develops a wide range of innovative products. GSK is Britain’s biggest drug maker (Hirschler, 2012). A balanced synergistic business, with multiple growths, drivers supporting a core pharmaceutical R&D operation (2010 Annual report, p3). It has three primary areas of business including Pharmaceuticals, Vaccines and Consumer Healthcare. It has created more diversified business for past five years. Moreover, delivery of sustainable growth across portfolios is GlaxoSmithKline’s objective. It has 87 manufacturing sites and R&D centers in the UK, USA, Spain, Belgium and China. Its purpose of R&D is to improve its pipeline products safely and efficiently to produce new medicines, which deliver improved treatments that
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Pharmaceutical industry is under a state of constant revolution ever since its official origin in the nineteenth century. This is due to the reason that it is an industry that is characterized by research and development processes that are highly risky, costly and time consuming; along with purchaser pressures, increasing government regulations and intense competition.
Businesses in United States Name: Tutor: Course: Institution: Date: Business merging is a process in, which an entity buys, combine, and sell from an existing firm, which has operated in the market for a long period. Acquisition involves firms, which are in the same sector and trade with the same commodities to help the buying firm become strong and outcompete its competitors in the market.
The company specializes in animal and human micro molecule vaccines and medicines along with a range of diversified consumer healthcare and nutritional products. Its products are targeted for a wide range of conditions including oncology, cardiovascular and metabolic diseases, immunology, pain and neuroscience, cholesterol, anti-fungus, etc.
The companies selected for the purpose of research are Apple Incorporation from the Information Technology sector, Pfizer Incorporation from the pharmaceutical sector, Citigroup Incorporation from the Banking sector, Chicago Bridge & Iron from the Infrastructural sector, and General Motors from the automotive sector.
The US automobile segment is a huge industry producing durable consumer goods and using a nationally oriented advertising strategy to market its product. Considering all the intermediate products used in auto construction and distribution (rubber, machine tools, trucking, etc.), the total impact of the automobile industry goes far beyond the direct impact.
However, prior to testing the drug in humans for the first time the following requirements have to be met: The study drug must have undergone preclinical research in the laboratories needs to be undertaken to determine which compounds will result in a chemical effect on the disease, and the drug compound will have to have been placed in a living biological system to check for safety in human disease, which involves testing the compound in at least two animals.
e sub urban, educated white woman and on the contrary; we have the black American woman who is expected to be humble, submissive to all men and non-educated. The theories are faulted along the major line of inter-sectionalist which cuts across the notions of class, gender, race
The author states that it will be better to first fix the problem that exists in the product before it causes anymore damage to the customers. However it is also very important to give compensation to the customers for the deaths of their relatives or families. In the long run people will view the company as entity that took responsibility.
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