Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
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Johnson & Johnson is an American multinational corporation that develops medical devices, pharmaceuticals, and consumer packaged goods. Johnson & Johnson's pharmaceutical arm is Janssen Pharmaceuticals. The company announced in November 2021 that it would split into two publicly traded companies: one focused on consumer products and the other on pharmaceuticals and medical technologies.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Stay Pausing InvestmentsGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100The company has three regional offices. The American company Johnson & Johnson currently continues to supply Acuvue contact lenses to Russia. Johnson & Johnson's Russian subsidiary, Johnson & Johnson LLC, has liquidated its representative office in the Republic of Kazakhstan. Such changes have occurred in the Unified State Register of Legal Entities according to the information system for HONEST BUSINESS. Since the beginning of 2024, the company has been optimizing its structure. In February 2024, the Armenian and Belarusian representative offices were liquidated. At the end of July 2024, the company had one representative office in Georgia and one branch in Kazakhstan. The company probably plans to replenish the activities of the closed representative office in Kazakhstan through the remaining branch and the Kazakh "daughter" - Spectrum Vision LLP.
The company suspended all advertising, enrollment in clinical trials, and any additional investment in Russia. It was decided to suspend supply of the personal care products in Russia. The company will continue to supply the medicines and medical devices in the region. Suppliers of Johnson & Johnson goods began to send notices to opticians about the suspension of imports.