Credit: Michael Vi/Shutterstock.com Health-Care Giant J&J to Split Into Drug, Consumer Companies
Johnson & Johnson is following in the footsteps of other big drugmakers that have moved to focus on the more-profitable pharmaceutical market.
November 12, 2021 at 01:01 PM
6 minute read
Health-care giant Johnson & Johnson is splitting off its consumer division, following in the footsteps of other big drugmakers that have moved to focus on the more-profitable pharmaceutical market.
The consumer division will be separated in 18 to 24 months, the company said in a statement. The unit has been beset by lawsuits involving products such as baby powder, which has been linked to ovarian cancers in some users.
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