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CLAIM #34022 · Johnson & Johnson (JNJ) · 2025Q1 earnings call · Apr 15, 2025 · due Dec 31, 2027

we do anticipate closing that gap after launch.

Joseph Wolk · CFO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Company internal/management sales projection for nipocalumab (2027) relative to analyst street consensus estimate

It came true if: Management's stated or implied 2027 nipocalumab sales estimate is within 10% of, or exceeds, the then-current street consensus estimate (gap narrows from the described starting point)

Where: Management commentary on earnings calls (JNJ) and analyst consensus estimates for nipocalumab, 2025-2027

In context

ine potential. To show where we see even more upside. Based on current 2027 street estimates, our projections are at least two times higher for riboflavin plus LASCRUZ and at least 50% higher for SPRAVATO. One asset that we didn't highlight in this look back in 2023 was Tremfya. However, given recent regulatory approvals for inflammatory bowel disease, we now see sales for Tremfya at least 25% higher than current street estimates. When looking ahead to 2028, we anticipate sales previously referred to as TARUS to be at least three times higher than current street estimates, and new to the chart, Ichotrochindra, our targeted oral peptide, to be at least two times higher. To be balanced, analyst estimates are still a bit more optimistic than our own estimates on nipocalumab in 2027. However, we do anticipate closing that gap after launch. We have even stronger conviction today in our growth opportunities than at the enterprise business review as we've reached new milestones with each of these medicines. And importantly, we expect all these assets to achieve peak year sales beyond 2028 with further potential upside to street estimates in the outer years. Even after considering risk adjustments for unapproved products that you may apply, hopefully, you'll also conclude there is additional value to your outlooks. In summary, it was a solid start to the year. Johnson & Johnson's diversified business model uniquely positions us to tackle the headwinds in 2025, deliver on our financial commitments, and advance our pipeline to create long-term sustainable value for shareholders. Thank you. And with that, we are happy to take your

Verify independently

SEC filings for JNJ · Claim quote is verbatim from the 2025Q1 earnings call.