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J&J To Split Consumer From Medtech and Pharmaceutical Businesses – Creating Two Companies To Unlock More Value, Growth, Innovation

 
• By Marion Webb

Johnson & Johnson expects that the new J&J unit will be better positioned to share expertise such as combing medical devices with drugs and continue to innovate.

J&J

Johnson & Johnson (Pty) Ltd announced today it plans to split into two companies – separating its consumer health business, which is expected to generate $15bn in 2021 revenues, from its pharmaceutical and medical device businesses, which are expected to generate about $77bn in full-year revenues. 

“For the new Johnson & Johnson, this planned separation underscores our focus on delivering industry-leading biopharmaceutical and medical device innovation...

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