Accelerating Innovation
Worldwide1

Johnson & Johnson is the largest
and most diversified healthcarecompany in the world
More than 130 years creating value throughinnovation
Three business segments>250 Operating Companies.

Selling products in more than 175 countries.
Over 130,000 employees worldwide
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Full-year 2016 earnings
2016 Worldwide sales$71.9B
2.6 % 7.4 %Adjusted
operational
worldwide sales

Adjusted diluted earnings per share$6.73 8.5 %3

Full-year 2016 earnings
Worldwide consumer sales$13.3B 4.3 %Adjusted
operational
worldwide sales

Primary contributors:

Worldwide pharmaceutical sales$33.5B 11.5 %Adjusted
operational
worldwidesales

Products that contributed to growth:Worldwide medical devices sales$25.1B 3.8 %Adjusted
operational
worldwide sales

Primary contributors:

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Innovation level necessary for success has
dramatically increased
speed

Level of innovation

Differentiatedproduct

Higher threshold
Value
Marketexpectations

Me toolateTime5

“Innovation at Johnson & Johnson
is about creating strong networksof people who can combine
resources, ideas andtechnologies in a new way.”
Paul Stoffels, MD
Chief Scientific Officer6

Areas of interest• Oral Care
• Baby Care
• Feminine Personal• Beauty
Care• Compromised Skin
• OTC

• Infectious• Immunology
Diseases• Neuroscience& Vaccines• Cardiovascular& Metabolism • Pulmonary
Arterial• Oncology
Hypertension

ConsumerPharmaMedDevices• Cardiovascular • Osteoarthritis• Osteoporosis• Surgical
Oncology• Other• Obesity

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Accelerating Innovation
Johnson & Johnson Innovation Providing access to…

Advancing innovative products by enabling access to a full range of incubation‘ingredients’ supplied by network of strategic partners
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Johnson & Johnson Innovation |Comprehensive Solution for a Region
NewCo Formation andR&D Partnerships

MarketEngagement &Acceleration

JJIC
JLABS
JBD

Licensingand M&A

JJDC

EquityInvestments

9Global JJI network for external innovation
California
Innovation Center

JLABS
Toronto

EMEA
Innovation Center

Toronto, Canada

London, U.K.

Menlo Park, CA

Asia PacificInnovation Center
Shanghai, China

BostonInnovation Center
Cambridge, MA

JLABS Boston
Lab Central(JLABS @LabCentral)

Japan
JLINX
Beerse, Belgium

JLABS New York(JLABS @NYC)
Opening 2018

JLABS Bay Area
QB3 (JLABS @QB3)

SingaporeFutuRxIsrael,WeizmannScience ParkJLABS SouthSan Francisco(standalone)(JLABS @SSF)

JLABS San Diego

JLABS Houston
Texas Medical CenterAustralia(JLABS @TMC)

La Jolla(flagship/standalone)

Innovation Center (IC)IC Satellites

JLABS

Incubator Partner

JLINX
10JLABs11

About JLABS

BOSTONJLABS @LABCENTRAL
June 2013

BAY AREAJLABS @QB3
October 2013

LOWELLJLABS @M2D2
December 2016

Flagship, 40,000 sq. ft. incubator
launched in San Diego in Jan 2012
Grown to 8 facilities across
6 life science hubs
Expanded to Houston TX:
CDI @TMC Oct 2016

SAN DIEGO
FlagshipJanuary 2012

Expanded to Lowell MA:
JLABS @M2D2 in Dec 2016
Opening in NYC
JLABS @NYC in Q2 2018

SOUTH
SAN FRANCISCO
JLABS @SSF
January 2015

TORONTOJLABS @TORONTO
May 2016

HOUSTON
JLABS @TMC
March 2016
HOUSTON
CDI @TMC
October 2016

NYC
JLABS @NYC
Opening Q2 2018

160 companies in residence

12About JLABS

Customizing a Specialized Hub for Life Science Innovation• Bench to Bedside Partners
building a coalition of academic institutions,
hospitals & industry organizations• Centralized Infrastructure
providing core capabilities so innovators candedicate precious capital to the science• Educational Programmingbuilding skills, knowledge & networks toempower and enable the local innovation
community• Funding Seriesconnecting capital with innovators to increase
the volume and velocity of deal flow

• Assets & Experts
providing big company support• Cross-Sector Focus
building an environment for solutions notjust products• Branding a Leading Cluster
utilizing corporate resources to brand, launch &promote a region’s innovation• No Strings Attachedpromoting open innovation to support
entrepreneurs build equity and value

13QuickFire Challenge
Our vision is to unleash the competitive spirit of the innovation ecosystem tocreate healthcare solutions, with inspiring the best in science and technology
by providing real world challenges and granting a variety of awards.

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Thank you

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