George Frey/Bloomberg/Contributor via Getty Images Johnson & Johnson is separating into two different companies, keeping its medical tools and prescription medication disconnected from its company that will sell everyday items such as Band-Aids, baby powder, and items like Listerine.
As reported by The Wall Street Journal: J&J will shed its consumer division in 18 to 24 months, Chief Executive Alex Gorsky said. J&J decided to make the change, he said, because the businesses, their customers and markets have diverged so much in recent years, including during the pandemic. Lawsuits that alleged use of Johnson’s Baby Powder caused cancer didn’t play […]
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