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McNeil Remediation Stretches Out, Dragging On J&J Consumer Sales

This article was originally published in The Tan Sheet

Executive Summary

The latest delay in Johnson & Johnson’s remediation of its McNeil OTC manufacturing pushes back FDA’s review of the Fort Washington, Pa., facility to “late 2013.” The firm’s Q1 results saw the worldwide consumer business fall 2.4% to $3.60 billion, including negative currency exchange effects.

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