Highlights include Johnson & Johnson (
JNJ), Abbott Laboratories, Inc. (
ABT), Amylin Pharmaceuticals, Inc. (
AMLN), Eli Lilly & Co. (
LLY), Merck & Co. (
MRK), GlaxoSmithKline, plc (
GSK) and Sanofi-Aventis SA (
SNY).We are only just a few days into first quarter earnings, and already a not-so-encouraging trend is emerging as it relates to diabetes drugs and testing products. Diabetes products are experiencing a negative impact from the broad, weak economy as diabetics are looking to save money in how they treat their disease. These include testing less often and using less doses of medication. As a result, wholesalers are looking to carry lean inventory on these products.Johnson & Johnson (
JNJ) reported earnings on Tuesday, and although we had expected some weakness in diabetes product sales, we were surprised to see U.S. diabetes sales down 11%. This is significantly weaker ...
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