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J&J Floxin contracts are with hospitals, not HMOs, company explains in correcting Alex. Brown presentation.

Executive Summary

J&J FLOXIN QUINOLONE MANAGEMENT CONTRACTS ARE WITH HOSPITALS, NOT HMOs, Johnson & Johnson explains in correcting information on its Floxin contracting presented to the Alex. Brown health care seminar May 17. J&J Health Care Systems Chairman Dennis Longstreet incorrectly told the conference the company had entered into a quinolone management contract with the Group Health Cooperative of Puget Sound. Group Health subsequently said it did not enter such a contract.

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