And at J&J, I believe, Chris mentioned, we did have — we are bleeding through some inventory that we procured shrewdly in the beginning of the year for China, and we will be also adjusting from, as Chris mentioned, coming off of last year the Japan consumption tax. While investors soured on the vaccine-trial pause, they might find solace in Johnson & Johnson's third-quarter earnings report. I’ll now turn your attention to the Medical Devices segment. I encourage you to review our 10-Q for further details on specific tax matters.

The fundamentals of our business remain strong and we feel confident in our ability to grow above the market on a full year basis in 2020, and also our expectations of where our business is heading remain unchanged and we continue to plan for another strong year of above market growth in 2021.

In quarter three, we received FDA approval for the indication to treat persistent atrial fibrillation in our Biosense Webster business. "This sustainability, coupled with Johnson & Johnson’s rich history of being at the forefront of scientific innovation, public health and global community impact, reinforces our long-term business outlook, and motivates our colleagues and partners to responsibly develop and provide a safe, effective and affordable vaccine to people around the world as soon as possible.”. What You Need to Know About Johnson & Johnson's 2020 First-Quarter Earnings, Executive Vice President, Chief Financial Officer, Johnson & Johnson, Chairman and Chief Executive Officer, Johnson & Johnson, Johnson & Johnson Medical Devices Companies, The 5 Stages of COVID-19 Vaccine Development: What You Need to Know About How a Clinical Trial Works, Johnson & Johnson Signs a Historic Pledge to Uphold the Integrity of the Scientific Process in Developing an Investigational COVID-19 Vaccine, The Impact of COVID-19 on a Company: 6 Questions for the Chief Financial Officer of Johnson & Johnson, Johnson & Johnson's 2020 2nd-Quarter Earnings, Johnson & Johnson’s past quarterly and full-year results here. So whether battling cancer, facing mental health challenges or living with an autoimmune disease, patients rely on our transformational medicines every single day. So, I wanted to ask you on the FDA.

With respect to margins, we have demonstrated a steady cadence of margin improvement. Hi. Our operating margin for 2019 was 31.3%. I’d like to now elaborate on the phase that we posted on our website yesterday regarding a temporary pause in further dosing in our COVID vaccine clinical trial. Mathai, with the vaccine and then Jennifer and/or Mathai weighing on the FDA. And should there be any type of second wave, we think that they’re going to be much better able to handle that in the second wave than what we saw originally.

US sales were flat in the quarter. Great. J&J now expects 2020 revenue of $79.9 billion to $81.4 billion, up from the prior guidance range of $77.5 billion to $80.5 billion. Looking forward to the questions. And clearly, some hospitals are well above 100%, and some are a little softer than that.

I’d like to start by acknowledging all those who have been and continue to be impacted by COVID-19. Thank you.

Seven of our key brands grew at double-digit rates, including our oncology brands, ERLEADA, DARZALEX and IMBRUVICA; our immunology brands, STELARA and TREMFYA; and our pulmonary hypertension brands, OPSUMIT and UPTRAVI. And there’s a lot of great work that’s being done. Thanks. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved.



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