J&J, who has seemingly survived the DePuy wars and is now facing down 22,000 vaginal mesh suits after losing mesh verdicts for its Ethicon product again leads the way in profits for Big Pharma in 2014, according to Tracy Staton writing in Fierce Pharma.
Click here to read the full article: The Top 15 Pharma Companies by 2014 Revenue
The top 15 list contains all of the traditional Big Pharma players: J&J, Novartis, Roche, Pfizer, Sanofi, Merck, GSK, AstraZeneca, Bayer, AbbVie, Lilly and Bristol-Myers Squibb, as well as some relative new comers: Gilead Sciences, Teva, and Amgen. These 15 companies amassed 2014 sales of just under $527 billion. J&J’s revenues increased by slightly more than $3 billion (4%), Roche grew by $1.3 billion (2.7%), Amgen was up by roughly $1.4 billion (7%), Bayer rose by $1.3 billion (5%), and AbbVie grew by almost $1.2 billion (5.8%).
J&J’s $74 billion was led by prescription drugs, which brought in $32.4 billion for J&J last year, making pharma the biggest of its divisions.
CEO Alex Gorsky is well compensated for his leadership. According to salary.com Alex Gorsky in 2013 made $15,171,960 in total compensation. Of this total $1,453,846 was received as a salary, $4,867,361 was received as a bonus, $2,669,999 was received in stock options, $5,988,975 was awarded as stock and $191,779 came from other types of compensation. This information is according to proxy statements filed for the 2013 fiscal year.
J& J’s litigation in DePuy is well documented as is its efforts with vaginal mesh.
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