J&J Q1 Financials Are All About COVID-19 Progress And Impact

Johnson & Johnson will move a vaccine candidate for COVID-19 into clinical testing in September and lowered 2020 financial guidance as a result of the pandemic. Pharma sales were resilient, however.

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J&J revised 2020 forecasts as a result of COVID-19 • Source: Shutterstock

Johnson & Johnson's first quarter sales and earnings call on 14 April set the stage for what will be in store as other big pharmas report quarterly financial results in the weeks ahead: a focus on revised 2020 financial guidance and actions to address the COVID-19 pandemic.

J&J had all of its top leadership on the call, including CEO Alex Gorsky, chief scientific officer Paul Stoffels and...

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