December 5, 2023

AndronETalksNews

AndronETalksNews

Johnson & Johnson to Split Into Two Companies, Shares Rally

The Epoch Times

By Tom Ozimek

November 12, 2021 Updated: November 12, 202

 

Johnson & Johnson has announced plans to split into two companies, spinning off its consumer health division—which sells products like Band-Aids, Baby Powder, and Listerine—into a separate publicly traded company.

The consumer health business has been provisionally dubbed the New Consumer Health Company, according to a Nov. 12 statement, while the new Johnson & Johnson company will focus on the medical devices and pharmaceuticals business, which sells its COVID-19 vaccine and other drugs.

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