February 22, 2017
By Mark Terry, BioSpace.com Breaking News Staff
Fortune magazine collaborated with Korn Ferry Hay Group on a survey of corporate reputations. They started with about 1,500 candidates that included the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in Fortune’s Global 500 database that reported $10 billion or more in revenues.
They then surveyed executives, directors, and analysts to rate the companies on nine criteria ranging from investment value and quality of management and products to social responsibility and ability to attract talent.
Here’s a look at the four life science companies that top the list as most admired companies.
Johnson & Johnson was a little higher on this year’s list, at #13, compared to last year’s rank of #15. It ranked #1 in Pharmaceuticals with an overall score of 8.06. The company also ranked #1 in all nine Key Attributes: Innovation, People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Financial Soundness, Long-Term Investment Value, Quality of Products/Services, and Global Competitiveness.
Johnson & Johnson is currently trading for $119.69.
Ranking #19 overall, Procter & Gamble was classified under Soaps and Cosmetics, where its industry ranking this year was #4, up from last year’s industry ranking of #6. Its previous Top 50 Ranking was #21. It had an overall score of 7.08.
On the nine key attributes, it was given an Industry Rank of: Innovation (5), People Management (3), Use of Corporate Assets (3), Social Responsibility (2), Quality of Management (5), Financial Soundness (1), Long-Term Investment Value (4), Quality of Products/Services (2), and Global Competitiveness (4).
Procter & Gamble is currently trading for $91.59.
Overall ranking at #23. Classified under Medical Products and Equipment, 3M (MMM) was given an Industry Ranking of #2, up from last year’s of #3. Its overall score was 6.63.
On the nine key attributes, it was given an Industry Rank of: Innovation (1), People Management (3), Use of Corporate Assets (2), Social Responsibility (2), Quality of Management (6), Financial Soundness (1), Long-Term Investment Value (7), Quality of Products/Services (3), and Global Competitiveness (2).
3M is currently trading for $184.84.
Overall ranking at #43. Classified under Medical Products and Equipment, there is no information provided aside from its previous Top 50 ranking of 30. This is probably because on January 4, 2017, St. Jude Medical was acquired by Abbott Laboratories . The cash-and-stock buy was valued at $25 billion, and included an assumption of more than $5 billion in debt.
St. Jude Medical is currently trading for $80.82.
Worth Noting
It’s also worth pointing out that the #6 on the list is Alphabet, Google ’s umbrella company. Although Alphabet is classified under Internet Services and Retailing, Alphabet currently has a strong research presence in biopharma and life sciences, particularly with its Verily, which in its broadest sense plans to bring together hardware, software, clinical data and science research to learn more about how the human body works and to “transform the prevention, detection, and management of disease.”
General Electric ranked #7. GE Healthcare is a major player in medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, and drug discovery and development.
Interestingly, #9 is Facebook, classified under Internet Services and Retailing. Although not directly involved in healthcare, the Chan Zuckerberg Initiative was created by Priscilla Chan, a physician and her husband, Facebook chief executive Mark Zuckerberg. The two pledged $3 billion towards basic science research over the next 10 years with the goal of getting all diseases cured, prevented or managed by the end of the century. As part of that, they recently launched the Chan Zuckerberg Biohub with $600 million, an independent research center that will coordinate activities between scientists at UCSF, UC Berkeley and Stanford University.
Pharmaceuticals Industry Rankings
Under the Pharmaceuticals Industry Rankings, the companies listed by rank are:
1. Johnson & Johnson
2. Roche Group
3. Novartis
4. Merck
5. Amgen
6. Pfizer
7. Gilead Sciences
8. Eli Lilly
9. AbbVie
