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Clarification: Earns-Johnson & Johnson story

The Associated Press
Wednesday, 17 Oct 2012 | 5:56 PM ET

In a story Oct. 16 on Johnson & Johnson's third-quarter results, The Associated Press reported that J&J would take a $340 million charge for ending testing of the intravenous form of Alzheimer's disease drug bapineuzumab and said that J&J's partner, Pfizer Inc., would be taking a similar charge.

Pfizer has been jointly funding patient tests of the drug, but the charge actually will be taken by another company, Elan Corp. PLC. J&J acquired rights to the drug from Elan in 2009.

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