Johnson & Johnson stays out of obesity race due to strong competition

According to the CEO, Johnson & Johnson already has plenty on its plate and is instead focusing on expanding in areas such as neurology and oncology.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

by marketwire

US pharmaceutical company Johnson & Johnson has no plans to invest in the development of drugs for obesity treatment, as the competition is already too great, said J&J CEO Joaquin Duato on Tuesday at an investor conference, Bloomberg News reports.

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