Johnson & Johnson’s (JNJ) third quarter earnings of $1.20 surpassed the Zacks Consensus Estimate by 7 cents and by 3 cents from the year-ago period. However, the company reported revenues of $15.1 billion, a decline of 5.3% compared to the third quarter of 2008. While 2.8% of the decline in revenue was due to operational factors, foreign exchange movement was responsible for the remaining 2.5% decline. Sales in both domestic and international markets recorded declines of 8.1% and 2.5%, respectively. Johnson & Johnson’s diversified business model is helping the company pave its way through tough situations. For the second quarter in a row, the company’s medical devices segment posted higher revenues than the pharmaceuticals. While medical devices recorded an increase of 2.3% compared to the year-ago period, consumer products and pharmaceuticals recorded a year-over-year decline of 2.7% and 14.1%, respectively. While generic competition was primarily ...

Provectus Pharmaceuticals, Inc.

(Public, OTC:PVCT)

StocksHaven Investments profiles one of the most exciting up-and-coming anti-cancer companies in the industry, Provectus Pharmaceuticals (OTC:PVCT). They have one of the deepest pipelines of any small cap biotech, focusing on treatments for: Melanoma, Psoriasis, Atopic Dermatitis, Breast Cancer, and Liver Metastasis. With three drugs nearly ready to enter Phase III, including one nearly entering Phase II for Breast Cancer, one of the largest target markets worldwide and seeking “compassionate use” in Australia and USA, look for Provectus to make a splash within the next couple of months.

They are developing and testing one of the most exciting anti- cancer compounds. It has been demonstrating significant effectiveness against Melanoma in Phase 2 clinical trials and it offers promising treatment for breast, liver and other solid tumor based metastatic cancers. The compound developed by Provectus, known as PV-10, is a

...

TranS1 Inc. (TSON) announced that it expects revenue to be roughly in the range of $7.9 million to $8.0 million in the second quarter of this year, lower than its previous guidance of $8.7 million to $9.0 million but approximately 33% higher than the revenue in the year-ago quarter.   TranS1 believes that its revenue is likely to be affected by the reimbursement uncertainty surrounding its AxiaLIF procedure. The company expects to release its second quarter results on July 30, 2009, after the close.   TranS1 is engaged in designing, developing and marketing minimally invasive products that utilize its proprietary TranS1 surgical approach to treat degenerative disc disease affecting the lower lumbar region of the spine.   TranS1 is badly hurt by a reimbursement uncertainty surrounding its AxiaLIF procedure. We believe expected near-term reimbursement changes would make the pre-certification and administration process time-consuming and could create some revenue ...