J&J Pharma business quick overview

This week J&J held their Pharma business investor call, and the below data points are highlighting why J&J holds a superior pharmaceutical portfolio:

· Over 350 R&D programs, with $8.4B invested in 2017

· 14 new products approved since 2011, industry leader in brands over $1B in sales

· 100% of its operational growth comes from volume (not price increase)

· 10 new filings and/or launches anticipated between 2017-2021, each expecting >$1B in sales

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$JNJ.US

Julie S. Praline

Director, Equity Analyst

Direct: 617.226.0025

Fax: 617.523.8118

Crestwood Advisors

One Liberty Square

Suite 500

Boston, MA 02109

www.crestwoodadvisors.com