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“While we believe that overall healthcare utilization trends continues to show signs of stabilization, the modest positive increases we saw in the fourth quarter do not appear to have persisted. And at this point we are not anticipating a meaningful market acceleration this year.”
“we also know that certain hospitals are already predicting lower levels of procedure volume than they had previously indicated. We just saw something this morning from HCI for example that talks about the level of procedure volume that they see which is quite frankly lower than the level they had predicted when they announced their guidance for 2013. So overall I think that the market is probably seeing some seasonality quite frankly.”
“Well, we are very pleased with the rebound in the consumer business. As you saw, the OTC business in the U.S was up 14%. I think that has to do with two things, the expected rollout of our products back in the marketplace, but also a pretty healthy, I can say that in quotes, “healthy” cold and flu season from our perspective.”
“I would say that overall the pharma business is doing well, really well. So we are very pleased with that. And the launches have gone incredibly well despite the fact that we have seen some competition as you all know…I think our scientific teams led by Paul Stoffels and Bill Hait have done a great job of selecting the right clinical profile for the market place.”
“just to clarify your question, the weakness that you are referring to in the U.S. is in the medical device business, not in pharma, not in consumer.”
“the integration of Synthes is going well. I would say that the challenge as we expected was going to be in the area of integrating the spine sales forces…we converted our current legacy DePuy spine business from a distributor based system to a direct selling basis, which is what Synthes had”
“we are very active always in M&A and divestiture activity as you know.”