As the world’s biggest health care products company, Johnson & Johnson has massive scope: a sampling of its products includes Benadryl, Band-Aids, Neutrogena, Tylenol, Motrin, and Listerine. How do you boost something that’s already big? Acquisitions and revenue growth (notably in beauty products). While domestic sales rose 6%, international sales decreased about 1% thanks to divestitures, currency issues, and upheaval in Venezuela. Even if the international climate gets more comfortable, the company long known for its pioneering innovation could face competition from generics that could eat into sales.
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News about Johnson & Johnson
He'll put in $50 million to start, with plans to invest at least another $50 million.
It's the second verdict reversal in a week.
The February 2016 verdict was the first of four jury awards totaling $307 million.
Key takeaways from Fortune's Most Powerful Women Summit
The move is meant to expedite the FDA approval process for life-saving technology.