J&J Bounces Back In Q3, Led By Interventional Devices

Johnson & Johnson’s worldwide medical device revenues grew about 50% sequentially in the third quarter to $6.2bn.

JNJ
• Source: shutterstock.com

Johnson & Johnson’s medical device revenues rebounded faster in the third quarter than the company previously anticipated, as procedure volumes continue to recover from the initial shock of the pandemic, especially in the US and China.

“We exceeded our expectations as the market recovery was even stronger than anticipated, as hospitals and surgeons continued to work through the pent-up demand resulting from restrictions on procedures earlier...

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