Johnson & Johnson, headquartered in New Brunswick, New Jersey, employs 131,900 people and focuses on healthcare through its Innovative Medicine and MedTech segments. Innovative Medicine targets various therapeutic areas, while MedTech offers products for orthopedic and cardiovascular interventions.
JNJ has been in the news recently: A US judge rejected Johnson & Johnson's $10 billion bankruptcy plan to settle lawsuits related to its talc products, marking the company's third unsuccessful attempt at this strategy. Consequently, Johnson & Johnson's stock fell over 5% following a Texas court's decision to block its talc subsidiary's bankruptcy filing amid ongoing legal challenges.
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