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2021-11-13

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Healthcare giant Johnson & Johnson to split into two companies

(Reuters) -Johnson & Johnson said on Friday it is planning to break up into two companies, splitting

Healthcare giant Johnson & Johnson to split into two companies

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Rival Pfizer Inc had in 2019 combined its consumer health unit with GlaxoSmithKline plc in a joint venture.</p>\n<p>Johnson &amp; Johnson said it is aiming to complete the planned separation in 18 to 24 months, sending its shares up 5% before the bell.</p>\n<p>The company will retain its pharmaceuticals and medical device units, which sells drugs such as cancer treatment Darzalex. 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Rival Pfizer Inc had in 2019 combined its consumer health unit with GlaxoSmithKline plc in a joint venture.\nJohnson & Johnson said it is aiming to complete the planned separation in 18 to 24 months, sending its shares up 5% before the bell.\nThe company will retain its pharmaceuticals and medical device units, which sells drugs such as cancer treatment Darzalex. 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