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N.J. pharma giant Johnson & Johnson will
split into 2 companies

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Posted By: Ribicon, 11/13/2021 9:47:15 PM

Johnson & Johnson, the New Jersey-based pharmaceutical giant, will separate into two publicly traded companies, creating an entirely new, rebranded consumer health business, the company announced Friday. It’s a major change for the 135-year-old institution based in New Brunswick. Johnson & Johnson, which has more than 136,000 employees, will split its consumer products arm—responsible for Band-Aids, Tylenol, Listerine and Neutrogena—from its pharmaceutical and medical device branches within 18 to 24 months, the company said. The decision was first reported by The Wall Street Journal. “Following a comprehensive review, the Board and management team believe that the planned separation of the Consumer Health business is the best way

Comments:

They could call themselves Johnson and Johnson.

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Reply 1 - Posted by: BRDG 11/13/2021 10:09:39 PM (No. 976747)
Before all the lawsuits hit???
18 people like this.

Reply 2 - Posted by: NotaBene 11/13/2021 10:15:23 PM (No. 976750)
Is it talc or vaccine lawsuits? Vaccine not workie.
12 people like this.

Reply 3 - Posted by: texaspast 11/14/2021 12:32:06 AM (No. 976829)
This is an 'oh carp . . . look at the lawsuits coming at us! Save the band-aids!' move.
6 people like this.

Reply 4 - Posted by: LC Chihuahua 11/14/2021 1:00:03 AM (No. 976841)
First company's name will be 'Johnson'. Second company's name will be 'and Johnson'. Guessing there is a significant part of J&J not making enough money, and they don't want to invest in it. Bet its for sale real cheap.
3 people like this.

Reply 5 - Posted by: DVC 11/14/2021 1:51:09 AM (No. 976854)
I was thinking exactly like #1. When the vaccine backlash comes it will be VICIOUS, and this keeps the bandaid and mouthwash business from being wiped out when the death shot business gets steamrolled.
10 people like this.

Reply 6 - Posted by: mifla 11/14/2021 4:28:37 AM (No. 976885)
Someone is reading the tea leaves.
3 people like this.

Reply 7 - Posted by: CivilServant 11/14/2021 8:10:48 AM (No. 977002)
So, will we now call it Big Johnson instead of Big Pharma?
3 people like this.

Reply 8 - Posted by: red1066 11/14/2021 9:19:27 AM (No. 977076)
There will be Johnson, then another Johnson, but they won't be related. So it's going to be like that scene in the movie "Diehard". Agent Johnson and another agent Johnson.
1 person likes this.

Reply 9 - Posted by: MickTurn 11/14/2021 9:21:24 AM (No. 977079)
It's called hiding the STINK...
0 people like this.

Reply 10 - Posted by: ChattyCatsSusan 11/14/2021 10:05:54 AM (No. 977127)
So, could this be a good indicator that something is about to blow back on Big Pharma? I hope so.
1 person likes this.

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