1、A N N U A L R E P O R T 2 0 1 0ON THE COVER Megan Johnson enjoys the simple everyday joys of motherhood.She receives important health care information through text4baby,an innovative mobile service for expectant and new mothers made possible by the National Healthy Mothers,Healthy Babies Coalition,f
2、ounding sponsor Johnson&Johnson and multiple other partners.Text4baby symbolizes our commitment to caring for the health and well-being of mothers and babies,the Johnson&Johnson legacy for 125 years.Learn more on page 24.Despite an extraordinarily challenging year,our people introduced new products,
3、advanced our pipelines and expanded businesses in emerging markets.We are on our way to restoring McNeil Consumer Healthcare to the high levels of quality and compliance that people expect of all Johnson&Johnson companies and that we expect of ourselves.Meanwhile,we are bringing forward innovations
4、that better health care for people around the world.We remain steeped in our tradition of caring for others,driven by values deeply rooted in Our Credo.C H A I R M A N S L E T T E R1C H A I R M A N S L E T T E R To Our Shareholders2010 will be remembered as a year in which our company was severely t
5、ested on numerous fronts.Yet our people continued the hallmark work of Johnson&Johnson:finding new ways to care for the health and well-being of people around the world.There were challenges we fully expected,particularly those related to the continuing global economic downturn and loss of patent ex
6、clusivity on some of our major pharmaceutical products.And there was a challenge we did not expect:the painful and disappointing experience of the McNeil Consumer Healthcare product recalls.Despite the trying moments of 2010,our people introduced new products,advanced our pipelines and expanded busi