Anonymous
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Anonymous
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JNJ never really wanted association with the pharma sector that is why they branded everything Ortho McNeil and Janssen or McNeil consumer or whatever.
They didn't want the public identifying them with pharma companies, they just want the money that goes with pharma. The problem arose when a non pharma company (JNJ) decided that they would not put any money back into their enterprises and stopped any real R&D that would continue to feed the monster. No new products, no cash revenue. They thought that they could do line extensions and acquistions to get what they wanted but guess what, pharma companies out there have their own cash flow to compete and that is what their doing. What happens then is that they start to look at overhead and say, "Hey, we don't need all these employees do we?"
They want to be baby diapers, baby shampoo and band-aides to the general public, a lot less hassles that way.
They didn't want the public identifying them with pharma companies, they just want the money that goes with pharma. The problem arose when a non pharma company (JNJ) decided that they would not put any money back into their enterprises and stopped any real R&D that would continue to feed the monster. No new products, no cash revenue. They thought that they could do line extensions and acquistions to get what they wanted but guess what, pharma companies out there have their own cash flow to compete and that is what their doing. What happens then is that they start to look at overhead and say, "Hey, we don't need all these employees do we?"
They want to be baby diapers, baby shampoo and band-aides to the general public, a lot less hassles that way.