J&J CFO Wolk Said European Stelara Sales May Drop Starting Mid-2024 But Overall Stelara Sales Should Be Stable; Said Ex-US Sales In Pharma Unit Hit By Falling Demand For Its Covid-19 Vaccine
Portfolio Pulse from Charles Gross
Johnson & Johnson's CFO, Wolk, anticipates a potential drop in European sales of Stelara starting mid-2024, but overall Stelara sales should remain stable. The company's ex-US sales in the Pharma unit have been impacted by falling demand for its Covid-19 vaccine.
October 17, 2023 | 11:36 am
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J&J's European sales of Stelara may drop from mid-2024, but overall sales should remain stable. The company's ex-US Pharma unit sales are impacted by falling demand for its Covid-19 vaccine.
The news directly mentions J&J and its products, Stelara and the Covid-19 vaccine. The potential drop in European sales of Stelara starting mid-2024 could negatively impact the company's revenues, but the overall stability of Stelara sales might offset this. The falling demand for its Covid-19 vaccine, particularly in ex-US markets, could also negatively impact the company's revenues. However, the overall impact on the company's stock price is uncertain in the short term.
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