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McNeil discontinues Arthritis Foundation pain relievers line.

This article was originally published in The Tan Sheet

Executive Summary

McNEIL DISCONTINUING ARTHRITIS FOUNDATION PAIN RELIEVERS LINE after the products "failed to achieve sales objectives," the J&J unit said. McNeil announced on Sept. 26 that it is replacing its former arrangement with the Arthritis Foundation -- in which it donated about $1 mil. a year to the foundation based on royalties on Arthritis Foundation product sales -- with an outright contribution of $1.3 mil. a year in 1997, 1998 and 1999. The funds are to be used for arthritis education and service programs.
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