Janssen Biotech, Inc., formerly Centocor Biotech, Inc., is a biotechnology company that was founded in Philadelphia in 1979 with an initial goal of developing new diagnostic assays using monoclonal antibody technology.
In 1982 Centocor transitioned into a publicly traded company. Subsequently, the company moved to a larger facility in Malvern, Pennsylvania (a northwest suburb of Philadelphia). In 1984, Centocor opened an overseas plant in Leiden, the Netherlands.
In 1997, eighteen years after its foundation, Centocor achieved its first year of operating profitability. In 1998, Centocor sold its diagnostic division to Fujirebio, Inc..
In 1999, Centocor became a wholly owned subsidiary of Johnson & Johnson, the worldwide manufacturer and marketer of healthcare products. Since being acquired by Johnson and Johnson, Centocor has increased its annual sales from approximately $500 million to more than $2 billion. During the same period, research and development investment increased from $75 million to more than $300 million.
Oh Sandy Grey, are you going away?
Leave me a message before parting
Time has changed you and the things that pain you
Are the things you think of as you're starting
Oh Sandy Grey, it's only this I'll pray
That you might stay here one more day in laughter
Won't you hang around and hold me, repeat all the lies you told me?
Do your rambling after
Oh Sandy Grey, what ever made you want to stay?
And now what makes you want to be a-leaving?
Is it the same thing they found when they laid your father down
Or are your reasons even worth retrieving?
Oh Sandy Grey, don't leave me just today
Don't think on the road you'll be a-going
Think of all the time and the days we've had to mind
Of the future there's no way of knowing
Oh Sandy Grey, I thought I heard you say
That you ain't heard one word that I've been speaking
There's no use in trying you escaping from my mind