1. Pink Sheet
  2. >>Compliance
  3. >>Marketing & Advertising

Sales & Earnings In Brief

 
• By Dan Schiff

Mead Johnson gains from Hong Kong formula scramble; cold and flu season boosts Glaxo OTCs; GNC revs up marketing, pricing program; USANA reports diversified geographic growth.

First-quarter Asia/Latin America sales for Mead Johnson Nutrition Co. rose 6.8% to $755.3 million, aided in part by particularly strong sales in Hong Kong, the firm said April 25. The Hong Kong government is limiting the amount of formula that can be taken out of the territory, spurring a scramble among Chinese consumers to stock up on product sold in Hong Kong before the rule took effect March 1 ([A#05130401003]). On a same-day earnings call, CEO-elect Kasper Jakobsen said MJN is “working on multiple fronts to ensure we can continue to meet the China consumer’s desire for trusted products,” and is cautiously watching Hong Kong, where the infant formula company holds a leading share position.

Glenview, Ill.-based MJN reported net sales of $1.04 billion in the January-March period, up 5.2%, with net earnings 2.8% higher at $174.5 million. Though North America/Europe sales increased just 1.2%...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Pink Sheet for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Marketing & Advertising

Pharma DTC Ad Tax Break Targeted By US HHS, Congress

 
• By Derrick Gingery

Health and Human Services Secretary Robert F. Kennedy Jr. said a policy that would remove the tax write-off for pharma advertising expenses would be coming in a few weeks.

Sarfez Pharma’s Promotional Claims For Diuretic Soaanz Draw US FDA Warning Letter

 
• By Sue Sutter

Webpages, a healthcare professional pamphlet and a medical conference exhibit booth panel make unsupported comparative superiority claims about generic torsemide products and misrepresent risks, the Office of Prescription Drug Promotion says in its first warning letter of 2025.

Mayne’s Nextstellis Promo Wrong To Suggest Better Safety Than Other Contraceptives, FDA Says

 
• By Sue Sutter

A professional slide deck for the drospirenone/estetrol oral contraceptive inappropriately suggests it is safer than other estrogen-containing products and understates risks, Office of Prescription Drug Promotion said in the first “untitled” letter issued since reductions-in-force.

Are Bigger Ad Policy Changes Coming After US FDA’s Drug Promotion Office Hit Hard By Layoffs?

 
• By Sue Sutter

The loss of policy analyst, legal, project manager and social scientist positions has experts wondering if the Trump Administration is eyeing a broader effort to limit DTC advertising. The OPDP layoffs are expected to result in delayed reviews of promotional pieces.

More from Compliance

Sarfez Pharma’s Promotional Claims For Diuretic Soaanz Draw US FDA Warning Letter

 
• By Sue Sutter

Webpages, a healthcare professional pamphlet and a medical conference exhibit booth panel make unsupported comparative superiority claims about generic torsemide products and misrepresent risks, the Office of Prescription Drug Promotion says in its first warning letter of 2025.

US FDA Legislative Lead Calls For User Fee Reforms As Renewal Talks Near

 
• By Sarah Karlin-Smith

Deputy FDA Commissioner Grace Graham acknowledged the importance of user fees, while also calling for restructuring. She also said part of MAHA's mission is to reexamine uses of drugs not supported by data.

Industry Leaders Grapple With Trump’s Most Favored Nation Pricing Plan

 
• By Jessica Merrill

At the Bank of America health care conference, pharma leaders speculated on the impact of Trump’s most favored nation pricing executive order on US and European markets.