Johnson & Johnson plans to split into two companies | The Guardian Nigeria News - Nigeria and World News

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

In this file photo taken on August 28, 2019 the entry sign to the Johnson & Johnson campus shows their logo in Irvine, California. – Four drugmakers, including Johnson & Johnson, went on trial April 19, 2021 over claims they helped fuel the deadly opioid epidemic in the United States through deceptive marketing that downplayed the risks of addiction.

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

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