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6.714113065677E-05 6.714113065677E-05 -6.71411306565792E-05 6.714113065677E-05 6.714113065677E-05 6.714113065677E-05 0.00174566939707278 0.00161138713575943
Stock impact report

Drugmakers in Medicare negotiations spent more on shareholder payments and marketing than R&D last year: Report [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
The report looked at eight companies — Johnson & Johnson, Amgen, AstraZeneca, Bristol Myers Squibb, Eli Lilly, Merck, Novartis and Novo Nordisk — that manufacture the 10 drugs whose prices are currently being negotiated by the Centers for Medicare & Medicaid Services (CMS). Among these eight companies, four — J&J, Bristol Myers Squibb, Novartis and Novo Nordisk — spent more on combined shareholder payments than on research and development. Five of the companies — J&J, Amgen, AstraZeneca, Novartis and Novo Nordisk — spent more on administrative and marketing costs than developing drugs. Merck was the sole company in the report that spent more on research and development than it did on executive compensation, marketing, administration and shareholder payments. Most of the companies in the report, J&J, Bristol Myers Squibb, AstraZeneca, Novo Nordisk, Novartis and Merck, sued to block the government's Medicare negotiation program. Several federal judges having ruled in favor of u Show less Read more
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