Top 5 Drug Companies in USA and Their China Reliance

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1. Johnson & Johnson (NYSE:JNJ)

Total Revenue in 2021: $53.9 billion

Johnson & Johnson (NYSE:JNJ) is a pharmaceutical company based in New Brunswick, New Jersey. It offers baby care products as well, under the Johnson’s and Aveeno brands.

A Buy rating was reiterated on Johnson & Johnson (NYSE:JNJ) shares on December 12 by analyst Joanne Wuensch at Citigroup. The analyst also placed a $205 price target on the stock.

It has been operating in China for over 30 years, and is reliant on the country because it sources raw materials for its pharmaceuticals from there. Over the past three decades, the company has also created a huge customer base in China, which significantly contributes to its revenues.

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See also 15 Biggest European Pharmaceutical Companies and 10 Best Pharma Dividend Stocks To Invest In.

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