New Jersey is the powerhouse of pharmaceuticals in the world. Some world leaders in the pharmaceutical industry have headquarters in New Jersey. Johnson and Johnson, Merck & Co., Pfizer, Bristol Myers Squibb, and Novartis are among the top pharmaceutical companies New Jersey. In this brief blog post, we are presenting a list of top pharmaceutical companies New Jersey.
New Jersey is the house of 14 top pharmaceutical companies among the top 20 US pharmaceutical companies. New Jersey is not only the hub of pharmaceutical companies but also the center of medical devices and the capital of biotechnology companies.
Overall, the presence of pharmaceutical companies in New Jersey holds immense significance, impacting the state’s economy, healthcare, and community in profound ways. While challenges exist, they also pave the way for continued advancements and responsible contributions to society.
List of pharmaceutical companies New Jersey
The list of the top 10 pharmaceutical companies New Jersey is presented on the basis of market cap, sale position, reviews, and production capacities.
Company | Headquarters | Market Cap (USD Billion) | Revenue (USD Billion) | Sale Position (2023) | Reviews |
Johnson & Johnson | New Brunswick | 377.004 | 99.7 | 1st | 3.8 out of 5 stars |
Merck & Co. | Kenilworth | 320.32 | 58.5 | 4th | 4.0 out of 5 stars |
Bristol Myers Squibb | New York City (NJ Presence) | 99.11 | 50.1 | 6th | 3.7 out of 5 stars |
Novo Nordisk | Bagsvaerd, Denmark (NJ Operations) | 507.78 | 22.5 | 13th | 3.8 out of 5 stars |
Roche (Genentech) | Basel, Switzerland (NJ Operations) | 189.38 | 29.8 | 9th | N/A |
AbbVie (Allergan) | North Chicago, Illinois (NJ Facilities) | 297.79 | 58.2 | 5th | 3.2 out of 5 stars |
Sanofi (Aventis) | Paris, France (NJ Offices) | 110.58 EUR | 54 | 7th | 3.3 out of 5 stars |
Takeda (Shire) | Osaka, Japan (NJ Presence) | 60.51 | 32.5 | 11th | 3.5 out of 5 stars |
Bayer | Leverkusen, Germany (NJ Research Facility) | 28.38 BN EUR | 54.4 | 8th | 3.4 out of 5 stars |
Novartis | Basel, Switzerland (NJ Research & Manufacturing) | 205.70 BN CHF | 59.3 | 3rd | 3.2 out of 5 stars |
Top pharmaceutical companies in New Jersey:
New Jersey is the land of pharmaceutical domination. Here are some famous companies are illustrated here with specific information:-
Johnson and Johnson:
Johnson and Johnson is the world’s largest pharmaceutical company, It has a broad portfolio of pharmaceutical products, medical devices, and consumer healthcare products. It is headquartered in New Brunswick, New Jersey. It generates about 120 billion USD per year. More than 65000 people get jobs in the company.
Johnson & Johnson was founded by Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson in January 1886 in New Brunswick, New Jersey, United States.
The total revenues of Johnson and Johnson in 2023 remained at $95.33 billion, it came from pharmaceuticals: $50.1 billion, Medical Devices $26.7 billion, and consumer Health: $18.5 billion.
Merck & Co. (MSD):
Merch & Co. is another New Jersey-based American multinational company. It is the second biggest pharmaceutical company in New Jersey. Vaccine business and prescription medicines are the main portfolios of the company. It was founded in 1891 as a subsidiary of Merck. It was founded by Theodore Weicker and George Merck in Rahway, New Jersey, United States.
In 2023, Merck & Co. registered a total revenue gain of $60.1 billion including its subsidiary Lagevrio’s sales. The revenue growth was nearly 1%. Last year (2022) revenue was $59.28 billion.
Bristol Myers Squibb:
Bristol Myers Squibb was founded in 1887 by Willian McLaren Ripely Myers E. R. Squibb in Princeton, New Jersey, United States. Bristol Myers Squibb is associated with the business of prescription pharmaceuticals, cancer drugs, cardiovascular disease, diabetes, hepatitis, rheumatoid arthritis, and psychiatric disorders.
The total revenue of BMS was reported at $45.0 billion, however, it decreased by 2.5% as compared to their revenue in 2022 of $46.3 billion.
Year | Reported Revenue (USD Billion) | Adjusted Revenue (USD Billion) | Growth (Reported) | Growth (Adjusted) |
2023 | $45.0 | $45.5 | -2.50% | 2.00% |
2022 | $46.3 | $44.6 | N/A | N/A |
References:
Darshan Singh is a professional pharmaceutical blogger from India having long experience of 20 years in the pharmaceutical field. He completed his Master of Science in Chemistry in 2003 from Kurukshetra University Kurukshetra.