Company to invest over $100M in new Caledonia Twp. site [Yahoo! Finance]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: Yahoo! Finance
The new expansion site near 68th Street and Patterson Avenue will allow the company to hire about 100 workers. Grand River Aseptic Manufacturing opened in 2011 and since then has quickly outgrown its facilities trying to meet the demand, according to Chief Financial Officer Nick Bykerk. “We've experienced exponential growth in the now 14 years that we've been in existence,” Bykerk said. The company is a contract manufacturer of sterile injectables. “We're an outsource manufacturer. We don't hold the licenses,” Bykerk said. “And what that means is if anybody has a drug product that they don't have the capability of manufacturing themselves, they'll sign a contract with us for a fraction of the cost of what it would take to build it.” The company played a crucial role during the COVID-19 pandemic by manufacturing doses of the Johnson & Johnson vaccine on request of the U.S. government. “They bought 100% of our capacity, partnered us with Johnson & Johnson and we manufacture
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 5/28/24 - Form SD
- JNJ's page on the SEC website