te Johnson & Johnson plans to split into two companies | Zee Business

Johnson & Johnson plans to split into two companies

The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday.

Johnson & Johnson plans to split into two companies
The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name.

Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.

The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday.

WATCH | Click on Zee Business Live TV Streaming Below:

TRENDING NOW

The new consumer health company will house brands including Neutrogena, Aveeno, Tylenol, Listerine, Johnson's, and Band-Aid.

A name was not disclosed for the new company.

Details are sparse, but the company expect the split to occur in the next two years.

The announcement comes just days after General Electric said that it plans to split into three separate companies.

Updated: Fri, Nov 12, 2021
06:15 pm
PTI
RELATED NEWS
Court tosses $223.8 million verdict against Johnson & Johnson in talc cancer case Court tosses $223.8 million verdict against Johnson & Johnson in talc cancer case
Maharashtra Food and Drug Association cancels Johnson & Johnson's licence to make baby talcum powder Maharashtra Food and Drug Association cancels Johnson & Johnson's licence to make baby talcum powder

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x