Johnson & Johnson plans to separate into two corporations, Well being Information, ET HealthWorld

Johnson & Johnson plans to split into two companiesNew Brunswick: Johnson & Johnson is splitting into two corporations, separating the division that sells Band-Aids and Listerine, from its medical gadget and prescription drug enterprise. The corporate promoting prescribed drugs and medical units will preserve Johnson & Johnson as its title, the corporate stated Friday.

The brand new client well being firm will home manufacturers together with Neutrogena, Aveeno, Tylenol, Listerine, Johnson’s, and Band-Support.

A reputation was not disclosed for the brand new firm.

Particulars are sparse, however the firm count on the break up to happen within the subsequent two years.

The announcement comes simply days after Basic Electrical stated that it plans to separate into three separate corporations.

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