History of Johnson and Johnson

In 1886, three brothers – Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson –
began the company, Johnson & Johnson, in New Brunswick, New Jersey in the United States. It’s said
that the Johnson brothers were inspired to start the business in order to create a line of ready-to-use
surgical dressings, after hearing a speech by antiseptic advocate Joseph Lister, in 1885.

Johnson & Johnson company manufacture medical products and devices, pharmaceutical, and
consumer packaged goods. it has around 250 subsidiaries selling its products in around 175
countries. Johnson & Johnson caters the need of all the segments of the society, from babies to
adults.

The objective of Johnson and Johnson for all employees has always been to draw
on their unique experiences and backgrounds together—to spark solutions that create a
better, healthier world

CREDO

At Johnson & Johnson there is no mission statement that hangs on the wall. Instead, for
more than 70 years, a simple, one-page document ―Our Credo‖ has guided their actions
in fulfilling the responsibilities to their customers, their employees, the community and
their stockholders.

A year later, J&J pioneered the first commercial first aid kits, which were initially designed to help
railroad workers, but soon became the standard practise in treating injuries. In 1894, J&J’s heritage baby
business began, by the launch of maternity kits. These kits had the aim of making childbirth safer for
mother and babies

Between 1896 and 1897, J&J enabled a huge step forward for women’s health when it manufactured
the first mass-produced sanitary protection products.

1957

The first Johnson & Johnson operating company opens in India

In 1959, J&J acquired McNeil Laboratories in the US and also Cilag Chemie, AG in Europe. These two
acquisitions enabled the company to gain a significant presence in the field of pharmaceutical medicines
for the first time. One McNeil product was the first prescription aspirin-free pain reliever, Tylenol
(acetaminophen) elixir for children. Under J&J’s acquisition, the product became available without a
prescription a year later and earned the status as the pain reliever doctors and paediatricians
recommend the most, according to the company’s history.

1886: Johnson brothers begin producing surgical dressings in N ew Brunswick, New Jersey.
1887: Company is incorporated as Johnson & Johnson (J& J).

1893: Johnson's Baby Powder is introduced.

1919: International expansion begins with the establishment of Johnson & Johnson Canada.

1921: Band-Aid brand adhesive bandages make their debut.

1924: Overseas expansion begins with the establishment of John son & Johnson Limited in the United
Kingdom.

1932: Robert Johnson, known as "the General," takes over leade rship as president.

1943: Johnson writes the company credo.

1944: Company goes public on the New York Stock Exchange.

1959: McNeil Laboratories, Inc. (McNeil Labs) is acquired.

1960: McNeil Labs introduces Tylenol as an over-the-counter (O TC) pain reliever.

1961: Janssen Pharmaceutica is acquired.

1975: Through a significant price decrease, Tylenol is transfo rmed into a mass-marketed product.

1982: Tylenol tampering tragedy occurs.

1988: Acuvue disposable contact lenses are introduced.

1989: J&J and Merck form joint venture to develop OTC vers ions of Merck's prescription medications.

1994: Neutrogena Corporation is acquired.

1995: Merck and J&J launch Pepcid AC; company acquires the clinical diagnostics unit of Eastman Kodak
Company.

1996: J&J acquires Cordis Corporation.

1998: DePuy, Inc. is acquired, and a companywide restructuring is launched.

1999: Centocor, Inc. merges with J&J.

2001: ALZA Corporation is purchased for $13.4 billion.

2004: J&J reaches agreement to acquire Guidant Corporation for $25.4 billion.

Our Credo
We believe our first responsibility is to the patients, doctors and nurses, to mothers and
fathers and all others who use our products and services. In meeting their needs
everything we do must be of high quality. We must constantly strive to provide value,
reduce our costs and maintain reasonable prices. Customers' orders must be serviced
promptly and accurately. Our business partners must have an opportunity to make a fair
profit.

We are responsible to our employees who work with us throughout the world. We must
provide an inclusive work environment where each person must be considered as an
individual. We must respect their diversity and dignity and recognize their merit. They
must have a sense of security, fulfillment and purpose in their jobs. Compensation must
be fair and adequate and working conditions clean, orderly and safe. We must support
the health and well-being of our employees and help them fulfill their family and other
personal responsibilities. Employees must feel free to make suggestions and
complaints. There must be equal opportunity for employment, development and
advancement for those qualified. We must provide highly capable leaders and their
actions must be just and ethical.

We are responsible to the communities in which we live and work and to the world
community as well. We must help people be healthier by supporting better access and
care in more places around the world. We must be good citizens — support good works
and charities, better health and education, and bear our fair share of taxes. We must
maintain in good order the property we are privileged to use, protecting the environment
and natural resources.

Our final responsibility is to our stockholders. Business must make a sound profit. We
must experiment with new ideas. Research must be carried on, innovative programs
developed, investments made for the future and mistakes paid for. New equipment must
be purchased, new facilities provided and new products launched. Reserves must be
created to provide for adverse times. When we operate according to these principles,
the stockholders should realize a fair return.