J&J sees potential for 14 new multibillion-dollar drugs by 2025 -Breaking
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© Reuters. FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid/File PhotoJulie Steenhuysen and Michael Erman
(Reuters) – Johnson & Johnson (NYSE:) expects to file for approval of 14 new drugs by 2025, and has projected average peak sales of $4 billion a year for each, a top J&J scientist said ahead of a strategy review of the company’s pharmaceuticals unit on Thursday.
Among the top pipeline assets, Mathai Mammen, global head of research for J&J’s Janssen pharmaceutical division, pointed to a drug combination for non-small cell lung cancer, an anticoagulant it is developing with partner Bristol Myers (NYSE:) Squibb and a vaccine for respiratory syncytial virus (RSV).
J&J said last week that it plans to spin off its consumer health division that sells Listerine and Band-Aid bandages in order to focus on pharmaceuticals and medical devices in the biggest shakeup in the U.S. company’s 135-year history https://www.reuters.com/article/johnson-johnson-restructuring-timeline/how-johnson-johnson-became-the-sprawling-healthcare-giant-it-is-today-idUSKBN2HX2D7.
Interview with Mammen: He said that he didn’t think the transaction would affect research and development spending.
“We’re really happy and proud of the way R&D is functioning – the strategy we’re using and the level of investments,” he said.
J&J developed one of the three COVID-19 vaccines authorized in the United States, but its use in the country tailed off sharply after rare cases of blood clotting were linked to the shot.
Nonetheless, Mammen said J&J still expects to develop more vaccines using the same adenovirus vector technology.
Mammen explained that the drug induces more than just short-lived antibodies. It also produces good, many types of T cells… which gives you a really lasting benefit.
Mammen stated that the company is “actively considering” a variety of technology platforms including messenger DNA, which forms the basis of COVID-19 vaccines. Moderna (NASDAQ: Pfizer (NYSE:) Partner BioNTech
He said, “We currently have many technologies and we will look into expanding them further.”
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