>Consumer Products Giant Johnson & Johnson Splits In Two In Latest Corporate Breakup
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J&J plans to split into two companies, separating consumer products and pharmaceutical businesses
https://www.cnbc.com/2021/11/12/jj-shares-jump-after-ceo-says-health-giant-plans-to-break-up-in-wsj-report.html
Health-care conglomerate Johnson & Johnson announced plans Friday to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. The news sent shares higher in premarket trading.
The separation will sheer off its household products unit, maker of Band-Aid bandages, Aveeno and Neutrogena skin care products and Listerine, from its riskier, but faster-growing division that makes and sells prescription drugs and medical devices, including its Covid-19 vaccine.