Global health products giant Johnson & Johnson said Wednesday that at least 10 medications it is developing hold the potential of sales of $1 billion in annual worldwide sales, according to USA Today.
The announcement comes as pharmaceutical companies are under pressure from Washington, including President Trump, to cap skyrocketing prices for specialized treatments that critics blame for increasing health care costs.
The 10 drugs, which include therapies for cancer, depression and the flu, could be navigating the federal approval process at an opportune time, with the Trump administration seeking to loosen Food and Drug Administration approval standards for new treatments. They are all expected to be submitted for regulatory approval or will hit the market in the next four years.
Among the new drugs that J&J expects to deliver through 2021 are treatments for prostate cancer, acute myeloid leukemia, myelofibrosis and respiratory syncytial virus (RSV) infection.
The plans for major new treatments would mark an acceleration in new product introduction. From 2009 through 2015, for example, the company commercialized seven treatments that topped $1 billion in annual sales. Among the company’s recent wins are cancer treatments Imbruvica and Darzalex.
J&J executives also said they expected to close the company’s $30 billion acquisition of Swiss biopharmaceutical giant Actelion by the end of the second quarter, including the company’s coveted treatment for pulmonary arterial hypertension.
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