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CLAIM #33719 · Johnson & Johnson (JNJ) · 2023Q2 earnings call · Jul 20, 2023 · due Dec 31, 2023

We see our trajectory in MedTech in the first-half of the year continuing in the second-half of the year. So we expect a similar trajectory for MedTech in the second-half of the year.

Joaquin Duato · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

to continue to prevail in the vast majority of claims as we have done in the past in the tort system. Joaquin Duato: Thank you, Larry, and thank you for complimenting us on the results on the first quarter and also on the MedTech ones. When it comes to the MedTech results, the growth in the first-half of the year was north of 8%. So this is a continuation of the sustained improvement in our performance that we have had in the last couple of years in which we have grown at or above our competitive composite. When we think about the dynamics that are driving our growth, which are multiple. One is the recovery in the overall market procedures, which is helping our improved commercial execution and very especially the cadence and flow of new product launches that we are having in the market. We see our trajectory in MedTech in the first-half of the year continuing in the second-half of the year. So we expect a similar trajectory for MedTech in the second-half of the year. Joe Wolk: Yes, Larry, maybe I might just add to Joaquin's comments. The only thing that is limiting the growth, I would say, in the back half of the year is China volume-based pricing, as well as some international sanctions in Russia, but those are already incorporated into our outlook for the balance of 2023. So we feel we have those well in hand. If there's a little bit of abatement on either of those fronts, it portends well for the future. Operator: Thank you. Our next question is coming from Vamil Divan from Guggenheim Securities. Your line is now live. Vamil Divan: Great. Thank you so much for taking my questions. So maybe just one on the guidance commentary. So appreciate what you said around the Kenvue and Cellular Biomedicine dynamics. But I'm curious about STELARA, because you

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SEC filings for JNJ · Claim quote is verbatim from the 2023Q2 earnings call.