FDA approved Johnson & Johnson's oral pill for psoriasis, clearing the way for a more convenient oral treatment option for patients with the chronic autoimmune condition. The approval should incrementally expand J&J's dermatology franchise and could move the stock roughly 1-3% on initial commercial prospects, though the company provided no revenue guidance or launch timeline.
FDA approved Johnson & Johnson's oral pill for psoriasis, clearing the way for a more convenient oral treatment option for patients with the chronic autoimmune condition. The approval should incrementally expand J&J's dermatology franchise and could move the stock roughly 1-3% on initial commercial prospects, though the company provided no revenue guidance or launch timeline.
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