Operational Sales Growth
Johnson & Johnson reported an operational sales growth of 4.6% across its business in the second quarter, with the Innovative Medicines segment delivering 3.8% growth and MedTech achieving 6.1% growth.
Oncology Segment Performance
The oncology division reported operational sales growth of 22.3%, driven by multiple myeloma treatments and significant growth in prostate and lung cancer segments.
MedTech Cardiovascular Growth
The MedTech cardiovascular segment reported over 22% operational sales growth, driven by new product performance in Abiomed and Shockwave, and strength in electrophysiology.
Raised Financial Guidance
Johnson & Johnson raised its full-year sales guidance by $2 billion and EPS guidance by $0.25, from $10.60 to $10.85.