Johnson & Johnson stated on Tuesday it will halt sale of private care merchandise in Russia, becoming a member of different firms which have restricted their enterprise within the nation in response to its invasion of Ukraine.
J&J stated it will proceed to provide medicines and medical units within the area as these are excluded from Western sanctions. It should, nevertheless, not enroll extra sufferers in medical drug trials it was operating in Russia, it stated earlier.
The corporate, which will get about 1% of its gross sales from Russia, has beforehand stated that half of its enterprise within the area is prescription drugs and a majority of its product portfolio from its client well being enterprise comes throughout the important well being area of over-the-counter medicines.
J&J is likely one of the largest drugmakers on the planet and likewise has a sizeable client well being enterprise that sells skincare, magnificence and oral care merchandise beneath manufacturers together with Neutrogena, Aveeno and Listerine.
AbbVie, which owns blockbuster wrinkle remedy Botox, stated earlier this month it had briefly suspended operations for all its esthetics merchandise in Russia.
Shopper items giants corresponding to PepsiCo Inc, Procter & Gamble Co and Nestle SA have stated they may retain a presence in Russia to offer primary objects for diet and hygiene.
J&J had beforehand stated it will pause enrollment in medical trials in Russia, Ukraine and Belarus however was dedicated to offering important well being merchandise.
Giant U.S. drugmakers Eli Lilly and Co and Pfizer have introduced plans to tug again investments and promotions from Russia, however pledged to proceed provide of medication and medical tools.
Earlier this month, Ukrainian President Volodymyr Zelenskiy urged pharmaceutical firms together with J&J to hitch conglomerates withdrawing from Russia fully.
(Reporting by Manojna Maddipatla in Bengaluru; Modifying by Shinjini Ganguli)
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