Johnson & Johnson: Cordis Corp. is our only medical device dog
June 4, 2010 by MassDevice staff
Johnson & Johnson gives an in-depth look at its medical device operations, revealing that its Cordis Corp. stents operation is the only lagging performer in its stable of seven medical device and diagnostics segments.
Johnson & Johnson (NYSE:JNJ) provided investors and analysts with a glimpse into its medical device operation, which it called the world's largest.
Over the past two years, according to the presentation, the division posted $1.8 billion in operational sales growth (excluding special items such as acquisitions or legal expenses). The segment's total sales during the first quarter were $6.2 billion.
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