Johnson & Johnson's Icotyde Approved by FDA for Psoriasis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
0mins
Should l Buy JNJ?
Source: Newsfilter
- FDA Approval: Johnson & Johnson's once-daily oral medication Icotyde has received FDA approval, marking a significant breakthrough as the first oral option for treating moderate to severe plaque psoriasis.
- Significant Market Potential: J&J anticipates peak annual sales of Icotyde exceeding $5 billion, showcasing its strong competitive edge in the treatment market, particularly against injectable drugs like Tremfya and Skyrizi.
- Increased Patient Acceptance: Targeting the IL-23 receptor, Icotyde offers a non-injection treatment option, expected to attract 75% of the 8 million U.S. psoriasis patients who typically avoid injections, significantly enhancing patient treatment experiences.
- Future Expansion Plans: J&J is also testing Icotyde for other autoimmune conditions such as psoriatic arthritis and Crohn's disease, further broadening its market applications and strengthening the company's strategic position in the biopharmaceutical sector.
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Analyst Views on JNJ
Wall Street analysts forecast JNJ stock price to fall
20 Analyst Rating
13 Buy
7 Hold
0 Sell
Moderate Buy
Current: 234.180
Low
190.00
Averages
218.50
High
240.00
Current: 234.180
Low
190.00
Averages
218.50
High
240.00
About JNJ
Johnson & Johnson and its subsidiaries are engaged in the research and development, manufacture, and sale of a range of products in the healthcare field. The Company’s segments include Innovative Medicine and MedTech. The Innovative Medicine segment is focused on various therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, cardiovascular and metabolism. Its products include REMICADE (infliximab), SIMPONI (golimumab), SIMPONI ARIA (golimumab), STELARA (ustekinumab), TREMFYA (guselkumab), EDURANT (rilpivirine), and INVEGA SUSTENNA/XEPLION (paliperidone palmitate). The MedTech segment includes a portfolio of products used in cardiovascular, orthopedics, surgery, and vision categories. The Cardiovascular portfolio includes electrophysiology products to treat heart rhythm disorders and circulatory restoration products (Shockwave) for the treatment of calcified coronary artery disease (CAD) and peripheral artery disease (PAD).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Drug Sales Dynamics: Tremfya, used for treating inflammatory bowel disease and psoriasis, generated $1.6 billion in sales; however, the expiration of Stelara's patent resulted in a significant drop in sales from $1.6 billion in Q1 2025 to $656 million in Q1 2026, highlighting increased competitive pressures.
- Stock Price Analysis: Despite a robust 52% increase in stock price over the past year, recent muted market reactions following the earnings report have led to a pullback, indicating a lack of significant news to drive stock price movements in the short term, warranting caution from investors.
- Long-Term Investment Outlook: Johnson & Johnson has consistently increased its dividend for 64 consecutive years, showcasing stability, and with a promising drug pipeline, despite a higher forward price-to-earnings ratio, it remains attractive by blending stability with upside potential.
See More
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See More
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- Optimistic Clinical Outlook: Kelonia's lead program, KLN-1010, is a Phase 1 investigational therapy for relapsed and refractory multiple myeloma that utilizes an in vivo gene delivery system to generate CAR-T cells directly in patients, potentially offering new hope by simplifying existing treatment complexities.
- Competitive Market Pressure: This acquisition positions Lilly in a market with established competitors, as Johnson & Johnson's CAR-T treatment Carvykti generated $1.89 billion in sales last year, while Gilead recently paid $7.8 billion for Arcellx and its rival drug, highlighting the intense competition in the sector.
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- Innovative Treatment Technology: Kelonia is developing in vivo CAR-T technology that reprograms patients' T-cells to attack cancer, offering a more convenient alternative to traditional ex vivo methods, potentially transforming treatment for blood cancers and solid tumors.
- Market Competitive Advantage: Lilly plans to leverage Kelonia's technology to expand into hematology, with Van Naarden emphasizing the appeal of a one-time infusion, which could attract more physicians and break the current limitations of treatments confined to academic medical centers.
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