
the staff of the Ridgewood blog
New Brunswick NJ, New Jersey based Johnson & Johnson said on Friday that it is planning to break up into two separate companies, splitting off its consumer health division that sells Band-Aids and Baby Powder from its large pharmaceuticals unit.
The healthcare company will separate its consumer health business into a new publicly traded company and is aiming to complete the planned separation in 18 to 24 months, it said in a statement.
Johnson & Johnson will retain its pharmaceuticals and medical device units, which sells drugs such as cancer treatment Darzalex. The units are expected to generate revenue of roughly $77 billion in 2021.
First GE now J&J.
Not sure what to make of it…..
more value as separate entities
Okay. I’ll take Johnson and you can have Johnson.
And split baby powder/talc lawsuits into separate place