Johnson & Johnson on Tuesday said it sees the impact from high inflation carrying into 2023 and expects China's major COVID-19 outbreak to dent sales at its medical devices unit in the first half of the year.
on Tuesday said it sees the impact from high inflation carrying into 2023 and expects China's major COVID-19 outbreak to dent sales at its medical devices unit in the first half of the year.
"Expect this will get called out by other MedTech companies when they issue their 2023 outlooks as well," he said. The company reported $689 million in quarterly COVID-19 vaccine sales from outside the United States.
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