Tuesday, February 7, 2023
Home Health Health Care Down After J&J Earnings -- Health Care Roundup

Health Care Down After J&J Earnings — Health Care Roundup

Health-care companies fell after mixed earnings from one major corporation.

Johnson & Johnson shares slipped after the maker of pharmaceuticals, medical devices and consumer health products posted a 25% drop in fourth-quarter profit, hurt by slower vaccine sales and the impact of a stronger dollar on the value of overseas sales.

Amazon.com is launching a new benefit for Prime members that offers unlimited access to commonly prescribed generic medications for $5 a month, in the e-commerce giant’s latest foray into the health-care market.

PolyPid shares surged after the drug developer said it had received positive signals from the Food and Drug Administration on a treatment that would prevent certain surgical site infections.

Write to Rob Curran at rob.curran@dowjones.com

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