What is Johnson and Johnson?

Johnson and Johnson’s pharmaceutical products include drugs for family planning, mental illness, nervous system diseases, gastroenterology, oncology, immunotherapy, cardiovascular disease, pain management, allergies, and other areas. The medical devices and diagnostics segment includes surgical and patient care equipment and devices, diagnostic products, joint replacements, coronary stents, and contact lenses. J&J traces its beginnings to the late 1800s when Joseph Lister’s discovery that airborne germs were a source of infection in operating rooms sparked the imagination of Robert Wood Johnson, a New England Druggist. Johnson joined forces with his brothers, James Wood Johnson and Edward Mead Johnson, and the three began producing dressings in 1886 in New Brunswick, New Jersey, with 14 employees in a former wallpaper factory. During 2004 revenues reached $47.35 billion and increased for the 71st consecutive year. That year, J&J also continued its record of issuing dividends to shareholders every quarter since 1944, increased its dividend for the 43rd straight year, and achieved a double-digit increase in earnings for the 19th consecutive year. The firm now ranked as the fourth largest pharmaceutical company in the world.

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