Johnson & Johnson (NYSE:JNJ) will look for inorganic opportunities. Chief Executive Officer Joaquin Duato said, "we are going to use our financial strength to increase our investment in R&D in organic opportunities but also to look for inorganic opportunities that will bring complementary capabilities and products to our core areas and looking for adjacencies that are higher market growth than where we are today. So we plan to continue to invest in organic opportunities but also to use M&A and to use the strength of our balance sheet to look for inorganic opportunities to continue to build our portfolio".