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Thndr Claps » U.S. Claps » Health & Pharma💉 » Johnson & Johnson is Splitting into Two Companies🧴

Johnson & Johnson is Splitting into Two Companies🧴

by Shams Abbas
November 14, 2021

Healthcare giant Johnson & Johnson will split itself into two publicly traded companies.

More details🧐 The spinoff company, yet to be named, will encompass J&J’s consumer famous product brands like Band-Aid brand Aveeno & Neutrogena skincare products, Tylenol for pain relief, Johnson’s Baby Care products, & Listerine mouthwash, to name a few.

The company that’s set to retain the Johnson & Johnson name, will focus on pharmaceutical & medical device operations, with its J&J COVID-19 vaccine being one of the products.

Why is this important🤔 The move follows U.S. industrial giant General Electric to announce plans of a company split, in an effort to focus on individual businesses. Japanese giant Toshiba also announced plans of splitting into three companies.

“We do think it is a big and bold initiative, but ultimately we think this is about increasing innovation & accelerating growth,” company chief executive Alex Gorsky said.

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