, the home of household staples like Band-Aids, Tylenol and Johnson’s Baby Powder.
J&J said it still must work out the details of the separation. Here is what we know about the planned split:The world’s biggest health-products company is breaking up into two publicly traded companies. The one keeping the J&J name will sell prescription drugs like Darzalex multiple-myeloma treatment and Uptravi for pulmonary-arterial hypertension. It will also sell hip-replacement, trauma-surgery and other medical devices.
J&J said lawsuits alleging that use of Johnson’s Baby Powder caused cancer didn’t play a role in the decision to split up.Meanwhile, the markets for the products have also diverged. Pharmaceuticals and medical devices are riskier to develop but promise faster sales growth and higher returns. Prescription drugs and medical devices are tightly regulated, used by doctors and hospitals, and paid by health insurers. The pharmaceuticals business is J&J’s fastest-growing.
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Johnson & Johnson to split into two companies, separating consumer health businessShares of Johnson & Johnson jumped in premarket trading Friday, after the health care giant announced it its splitting itself into two publicly traded do your own research! ;) good Fake
Source: NBCNews - 🏆 10. / 86 Read more »
Johnson & Johnson Shares Jump In Premarket As Firm Plans To Split Into Two Separate CompaniesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com If their vaccine does not help in the slightly longer term, this component should be disposed of and then we make Baby Powder!
Source: Forbes - 🏆 394. / 53 Read more »
WSJ News Exclusive | Johnson & Johnson Plans to Split Into Two Public CompaniesJohnson & Johnson intends to separate its high-margin but risky prescription-drugs and medical-devices business from its storied but slower-growing consumer group, creating two publicly traded companies. Proctor and Gamble should buy the consumer business. So Johnson&Johnson will split into…Johnson and Johnson? 😡It's what you do when you owe consumers BILLIONS in class action lawsuits for marketing a cancerous, dangerous and defective product (baby powder & shower 2 shower) specifically to minority pop in US, and that stuff is STILL ON THE SHELVES? --
Source: WSJ - 🏆 98. / 63 Read more »
Johnson & Johnson to split into two companiesJohnson & 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 said Friday the move will help improve the focus and speed of each company to address trends in their different industries. I wonder which part will get to keep the & Called 'Johnson' and 'Johnson' respectively. The companies shall be called 'Johnson' and also 'Johnson'
Source: AP - 🏆 728. / 51 Read more »