USA News Live: Johnson & Johnson plans to split into two companies – Times of India

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The company is aiming to complete the planned separation in 18 to 24 months, sending its shares up 4% before the bell

The consumer health branch, which produces Neutrogena skin care products and baby powder, generated $3.7 billion in the third quarter of 2021, nearly 16 percent of the group’s total revenue

It is the third major company to announce plans to break up its business this week after General Electric and Toshiba

Johnson & Johnson said in a statement it will create “two global leaders that are better positioned to deliver improved health outcomes for patients and consumers through innovation.”

Healthcare giant Johnson & Johnson to split into two companies

US pharmaceutical giant Johnson & Johnson on Friday announced plans to break up into two listed companies, separating its consumer health arm that sells Band-Aids and Tylenol from its pharmaceutical division.