jnj earnings

Our growth was negatively impacted by COVID-19 driven by continued delays in diagnosis and slower new patient starts. Chris DelOrefice -- Vice President, Investor Relations. We are particularly excited by the lead asset, nipocalimab, a potentially best-in-class anti-FcRn antibody. But of course, based on the Phase 1/2a data, we're very bullish on that or better efficacy. So using our IL-23 pathway strategy, we're not only developing Tremfya for psoriasis and psoriatic arthritis, but also taking it into the GI space where we believe that we're going to be able to benefit even more patients because there's still so much unmet medical need there. Maybe I'll start with really -- obviously, we ended Q3 down 3%. Thanks, Larry. Given those updates, we are comfortable with adjusted earnings per share guidance ranging from $7.95 and to $8.05 on a constant currency basis. I'll jump in on the immunology front. Yeah. One for Ashley, one for Jennifer. Here's a quick guide for how to read an earnings report. And with this, let me hand over to Mathai Mammen. J&J confirmed to STAT News on Monday that the 60,000-patient clinical trial had been temporarily paused due to an unexplained illness in a study participant. But maybe you could just expand on the development program here for lung cancer and also other tumors, such as head and neck and colorectal, and remind us of how you're thinking about both the near-term opportunity as well as the longer-term opportunity. With respect to M&A, we continue to evaluate potential strategic opportunities that complement the robust R&D portfolio across our broad-based business while driving long-term value for our stakeholders. And I think you can look forward to many types of different campaigns to enroll, all of the appropriate folks at the appropriate time once we have greater line of sight into when these products will actually be able to reach the market. I'd also like to take a moment to just thank the Johnson & Johnson associates around the world for their unrelenting commitment to deliver for patients and all of our stakeholders around the world. And then for Joe, just quickly on pharma. Can you offer any thoughts on that? As we head into the fourth quarter, we look forward to additional planned submissions, most notably our U.S. filing of our BCMA CAR-T in multiple myeloma as well as the U.S. filing for amivantamab in non-small cell lung cancer. And it will be a few days at minimum for the right set of information to be gathered and evaluated. U.S. sales were flat in the quarter. Well, thank you Joe, and good morning everyone. Jennifer Taubert -- Executive Vice President and Worldwide Chairman, Pharmaceuticals. On a global basis, these adjustments were worth over 500 basis points. Our vaccine was shown to elicit a robust immune response in humans as demonstrated by the presence of neutralizing antibodies in T cells. Rob, next question please. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only). Thanks for taking the question. As I noted, based on our third-quarter results across the enterprise and the continued progress we saw in procedure volumes, we are confident to increase our guidance. Our vaccine, as a reminder, is based on Ad26. We have not encountered any undue pressure, and we will maintain the rigorous requirements of research, development and manufacturing to bring a safe and effective COVID-19 vaccine to the public as we do for all our products. And then the second part of that question is what steps both you and the industry can take to encourage broad utilization of a vaccine, if successful. Moving on to a few comments related to the 2021 P&L. Good morning guys. Market data powered by FactSet and Web Financial Group. Looking forward to the questions. Apologies to those we couldn't get to because of time, but don't hesitate to reach out to the investor relations team as needed. The medical device market continued to be impacted by the COVID-19 pandemic in Q3, but procedures began to resume more widely across the globe, and we're reporting significant improvement in sales versus the 32.5% adjusted operational decline in Q2 and 20.1% decline in June. This growth was partially offset by competitive pressures in the U.S. and the negative impact of COVID-19 in Asia Pacific and Latin America. Rob, next question please. I will now provide some commentary on our earnings for the quarter. As you know, we do not predict the impact of currency movements, but utilizing the euro spot rate relative to the U.S. dollar as of last week at $1.17, there is an estimated negative impact of foreign currency translation of approximately 100 basis points versus the negative 130 basis points provided in our July guidance or an improvement of 30 basis points resulting in an estimated reported sales change between minus 1% to flat compared to 2019 or $81.2 billion to $82 billion. Its medical device unit generated $6.1 billion, a 1.7% increase. And despite some negative impact related to COVID-19 in the quarter, we also saw encouraging signs of recovery in our market performance across multiple metrics. I would also point to some of the filings that we anticipate here in the near term with respect to the CAR-T BCMA, as well as amivantamab for non-small cell lung cancer potentially on the horizon and part of the mix in of 2021. Thank you Chris. We encourage you to review the cautionary statement included in today's presentation which identifies certain risks and factors that may cause the company's actual results to differ materially from those projected. Let me now give you a brief update on our COVID-19 vaccine. In the third quarter of 2020, adjusted income before tax for the enterprise increased by 0.1% versus the third quarter of 2019 to 34.4%. Consistent with sales, we also anticipate strong comparative year-over-year earnings per share. Obviously, above market next year. What we're paying attention to is really the diagnosis, Danielle, to say -- let me give you an example, colorectal surgery. First, in context. But any help you can give on the outlook for Remicade from here. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. And very importantly, just this week, we have five-year long-term remission data in Crohn's disease that is actually being presented publicly which we think is another great catalyst and demonstration of the significant benefits that Stelara offers to patients in the GI space. Ashley, just thinking about the MDD commentary for September which suggested improvement but some resting on improvement in the month of September. 2020 has been an unprecedented year and we've adapted our business to meet the new challenges that have been posed by the COVID-19 pandemic. Like in prior quarters and for that matter prior years, their strength, character and perseverance is the driving force behind our solid performance this quarter, while solidifying the foundation for long-term success across Johnson & Johnson's businesses. And it incorporates both an EGFR therapies and the cMET therapies And cMET is a common resistance mechanism for EGFR therapy. The fundamentals of our business remained strong and we feel confident in our ability to grow above the market on a full-year basis in 2020. Simultaneously, we have scaled up manufacturing capacity and are on track to meet our goal of providing over 1 billion doses of a vaccine per year. And then my second question relates to your EGFR-MET antibody, some pretty compelling Phase 1 data at ESMO this year. Ashley, this is a question for you. And as you might expect, anticipate to deliver robust double-digit sales growth. ET. Good morning everyone, and thanks to all of you for joining us today. So whether battling cancer, facing mental health challenges or living with an autoimmune disease, patients rely on our transformational medicines every single day. We delivered on our pipeline of transformational medicines, and we advanced our next wave of innovation. The next question comes from Josh Jennings with Cowen and Company. Mathai with the vaccine, and then Jennifer and/or Mathai weighing on the FDA. The U.S. recovery was better than other markets, declining about 2% primarily driven by COVID-19. Now let's take a deeper look into our results and outlook. Worldwide consumer health sales totaled $3.5 billion and grew 3%, with growth in the U.S. of 11.6% and a decline outside the U.S. of 2.7%. Let me be unequivocal here. And we do anticipate growth in 2021 relative to where we exited 2019. I think your question was about the ACA. Please note that today's presentation includes forward-looking statements. Whether we're talking about Invega Trinza, those products bring significant benefit to patients with schizophrenia. We're going to continue to invest in our pipeline. Third-quarter growth for our Immunology portfolio as well as the overall market was impacted by COVID-19-related delayed diagnosis. Thanks for taking my question here. I'll take the first question around margins, and then I'll turn it over to Jennifer to give some thoughts with respect to an outlook to the extent we can provide it on pharmaceutical pricing. Is the Coronavirus Vaccine Market Oversaturated? Now you referenced Momenta, and we were really excited to both announce that deal and to close that deal in a very short time frame. If you think about it, that we're in October. And then just a follow-up question here on the vaccine, how will any potential changes to your vaccine program impact the manufacturing process you've already started?

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