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Johnson & Johnson Message Board

  • megandaniels30 megandaniels30 Dec 27, 2008 12:10 AM Flag

    JNJ in 2009

    Big pharma, they are in trouble from what I understand with patent expirations and such. I found this piece http://www.bullishbankers.com/five-things-to-remember-in-2009/ that dicusses JNJ in 2009. The author recommends it for it's vast sources of revenues while providing the safety of a large pharma company. What do you think, do you like JNJ?

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    • Couldn't agree more.

    • JNJ could save the healthcare sector single handedly.

    • Never let it go.

    • >>Furthermore, if you were to take all the budgets from all the pharm companies and add them together, it probably wouldn't add up to half of 1% of the lawsuits against manufacturers and the cost to defend or just make go away because of the associated expense.>>

      Read this please (link below). Your inane premises about the cost of torts being 100% larger than "all the pharm companies budgets together" is pretty idiotic. Pharma budgets must be pretty damned small then! Note page 18: In 2002 malpractice costs were about 24 billion or about 2% of total healthcare spending. Wow. Definately makes sense to stop people from suing the bad docs! Note same page: a decrease in 35 % of health care malpractice premiums would affect health care expenditures by lowering them about 0.5%! Wow. So you are telling me that ALL Pharma companies combined have a budget of less than 24 billion!? LOL!

      Hey, there are idiotic malpractice claims, I agree. But to make some claim to get rid of those would greatly reduce the cost of health care is ridiculous. Again knowledge is a dangerous thing. I know conservatives hate knowledge and understanding, it generally proves them wrong. You folks have been wrong about so much over the last 8 years, you must be immune to it.

      http://www.cbo.gov/ftpdocs/71xx/doc7174/04-28-MedicalMalpractice.pdf

    • Hey Valgus,

      I listened to you until this crap:
      <<So now go back to celebrating the Obama victory and become excited at the thought of more taxation, reduction in investments, and the free lunch you were promised. Yes the system is not perfect. Yes there are things to be worked through related to the spiraling costs of healthcare. Yes there are those who would lead you to believe it all resides with companies making product. And finally, yes Virginia there is a Santa Claus, except now he goes by the name of Hillary Clinton.

      Now please go back and watch more CNN, or better yet listen to some NPR. Or if you really want to create a change, petition your local congressman for tort reform and limits on medical malpractice and liability claims. Have him/her make all judgements against doctors/manufacturers have a 35% lien that goes right to a pool to pay for healthcare insurance.

      Then when you've done that go sit and listen to the crickets, because that's the only thing you'll hear.>>

      You sure know how to bloviate. You were polite and interesting up until that condesending s**t. You could have said that entire post in about one paragraph. You must be an ex executive who believed he was paid by the word and loved to hear himself talk. Blah. Cheers.

      Full disclosure: I own J+J stock.

    • Hey, you're pretty smart, you can cut and paste someone elses inane ramblings. Idiot, I read the first post by that guy who substantiates nothing he says. And if all those lunches, "seminar" etc. have NO effect on the prescribing of drugs, then why the f**k are pharma companies spending my investor money on it?

      So as the debris left behind by people who think like you (you know, the spend and don't tax crowd that has run up a 1.2 trillion dollar deficit, but hey, "don't raise MY taxes, let my kids pay for it!")that use magical thinking that we can keep charging more and more for product as the country gets poorer, keep on dreaming. I suppose if no one can afford medications all those "losers" will just drop dead and who gives a crap? WE can sweep them up in the morning like they do in India. Yep, you sound like the GOP alright.

      On the subject of tort reform. I think Dr's who are incompetent and who maim and kill people should go scott free. I'm sure that goes along with your thinking? Maybe you are AMA members as well. They do a fine job of policing their own. LOL.

      I'm a registred Independant, think Bush was a total disaster, believe in America, but we need to be bigger thinkers than I see what you two are up too. Here's the way you think: "I've got mine, the rest of you who can't afford health care can just crawl away and die somewhere." Regarding taxes, they have to go up. Someone has to pay down that deficit people like you have left us with.

      Now go back to listen to Faux News. I'm sure you'll learn a lot there. I just heard that they are reporting that the economy is fine and that the Bush legacy is just superb. Idiots.

    • Vertex pharma for hep c new drug . The vertex pharma chairman on cnbc and blithely states the treatment is 75,000 and wouldnt that be worth it to cure the disease? He is one jerk as most people cannot afford that price and medicare cannot afford his prices. He sucks and sorry i ever saw him as i know the disease and what it can do. He should show a little compassion but his greed came out in full color, totally disgusting. Well it is not approved and now i hope j&j do not partner with a man like that.

      • 1 Reply to mor4mony
      • Hepatitis C infects nearly 200 million people worldwide and 4 million in the United States. There are about 35,000 to 185,000 new cases a year in the United States, and hepatitis C is the leading cause of liver transplant in the USA. Co-infection with HIV is common and rates among HIV positive populations are higher. 10,000-20,000 deaths a year in the United States are from HCV; expectations are that this mortality rate will increase, as those who were infected by transfusion before HCV testing become apparent.

        Now that we have more information, I would say that $75,000 spent to prevent a $500,000 liver transplant and a lifetime of paying for anti-rejection drugs would be well worth it.

        Most people don't have the slightest idea of how much it costs to develop drugs. This company probably spent at least a BILLION dollars to get this drug to market. At 50,000 patients per year, assuming a 12 year patent life, it would cost $17,000 per patient just to recoup the development costs. That does not include the costs of future production, distribution, LAWSUITS etc.

    • Solid article, I like JNJ as my big pharma play through 2009.

    • While I could futher waste my time responding to your ramblings, I defer to the poster who has formulated the most thorough response to your misguided conception of the pharmaceutical industry:

      "While your comments were lucid and well put, there are a couple of things missing from the argument on removal of reps or mandated government pricing in the area of Pharmaceuticals.

      Also, like your own, my comments are general in nature and have no specifics nor quantifiable basis in which they are founded. However it is what I really really think is happening. Remember to look at this objectively and not from the perspective of someone who has experience in the area.

      Two real points; one legal and one medical. First the legal, (which is where the real culprit in all of the expense of healthcare lies). When those reps who are detailing product are removed will you and everyone else that has to take a pill sign a waiver stating you will not sue the prescribing doctor or manufacturer of the product regardless of the outcome? Of course you won't. You'll be the first in line to call 1-800-SUEDASS because after all there's where the big money is and my nose now has a bad smell. (Mostly because it's up my ass, but that's another issue).

      Now let's talk the Medical. Do you believe that medical professionals in this country prescribe drugs based on who brings in the most lunches? You obviously don't know any doctors unless their titles are preceeded by the word Witch.

      Furthermore, if you were to take all the budgets from all the pharm companies and add them together, it probably wouldn't add up to half of 1% of the lawsuits against manufacturers and the cost to defend or just make go away because of the associated expense. And like your comments they too do not have to be based with any merit.

      So now go back to celebrating the Obama victory and become excited at the thought of more taxation, reduction in investments, and the free lunch you were promised. Yes the system is not perfect. Yes there are things to be worked through related to the spiraling costs of healthcare. Yes there are those who would lead you to believe it all resides with companies making product. And finally, yes Virginia there is a Santa Claus, except now he goes by the name of Hillary Clinton.

      Now please go back and watch more CNN, or better yet listen to some NPR. Or if you really want to create a change, petition your local congressman for tort reform and limits on medical malpractice and liability claims. Have him/her make all judgements against doctors/manufacturers have a 35% lien that goes right to a pool to pay for healthcare insurance.

      Then when you've done that go sit and listen to the crickets, because that's the only thing you'll hear."

      I enthusiastically support his response, and I suggest that you sell all of your shares in Johnson & Johnson to "put your money where your mouth is"

      Have a nice life....

    • While your comments were lucid and well put, there are a couple of things missing from the argument on removal of reps or mandated government pricing in the area of Pharmaceuticals.

      Also, like your own, my comments are general in nature and have no specifics nor quantifiable basis in which they are founded. However it is what I really really think is happening. Remember to look at this objectively and not from the perspective of someone who has experience in the area.

      Two real points; one legal and one medical. First the legal, (which is where the real culprit in all of the expense of healthcare lies). When those reps who are detailing product are removed will you and everyone else that has to take a pill sign a waiver stating you will not sue the prescribing doctor or manufacturer of the product regardless of the outcome? Of course you won't. You'll be the first in line to call 1-800-SUEDASS because after all there's where the big money is and my nose now has a bad smell. (Mostly because it's up my ass, but that's another issue).

      Now let's talk the Medical. Do you believe that medical professionals in this country prescribe drugs based on who brings in the most lunches? You obviously don't know any doctors unless their titles are preceeded by the word Witch.

      Furthermore, if you were to take all the budgets from all the pharm companies and add them together, it probably wouldn't add up to half of 1% of the lawsuits against manufacturers and the cost to defend or just make go away because of the associated expense. And like your comments they too do not have to be based with any merit.

      So now go back to celebrating the Obama victory and become excited at the thought of more taxation, reduction in investments, and the free lunch you were promised. Yes the system is not perfect. Yes there are things to be worked through related to the spiraling costs of healthcare. Yes there are those who would lead you to believe it all resides with companies making product. And finally, yes Virginia there is a Santa Claus, except now he goes by the name of Hillary Clinton.

      Now please go back and watch more CNN, or better yet listen to some NPR. Or if you really want to create a change, petition your local congressman for tort reform and limits on medical malpractice and liability claims. Have him/her make all judgements against doctors/manufacturers have a 35% lien that goes right to a pool to pay for healthcare insurance.

      Then when you've done that go sit and listen to the crickets, because that's the only thing you'll hear.

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