Johnson & Johnson Is Splitting Into 2 Companies
Newsy
The company selling prescription drugs and medical devices — J&J's two largest businesses — will keep the Johnson & Johnson name.
Johnson & Johnson is splitting into two companies, peeling off the division selling Band-Aids and Listerine from its medical device and prescription drug business.
The world's biggest maker of health care products, founded in 1886, said Friday the move will help improve the focus and speed of each company to address trends in their different industries.
The company selling prescription drugs and medical devices — J&J's two largest businesses — will keep the Johnson & Johnson name. That company sells treatments such as Darzalex, Erleada, Imbruvica, Stelara and Tremfya as well as medical devices for orthopedics and surgery.
