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J&J Finishes Tough Year With Optimism For 2021

 
• By Reed Miller

J&J expects its medical device sales to begin growing rapidly by the middle of 2021 as the pandemic subsides.

Coronavirus stocks
• Source: shutterstock.com

Johnson & Johnson expects the pandemic will continue to impede its medical device sales through the first quarter of 2021 as hospitals postpone non-emergency procedures to focus on COVID-19 patients, before “normalizing” by mid-2020.

“We would expect to continue to see [revenue] expansion over the course of 2021. And beyond that, see a return to a market that was growing in the mid-single digits...

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