Johnson & Johnson to split into two companies, separating consumer health business.
jumped in premarket trading Friday, after the health care giant announced it its splitting itself into two publicly traded companies.
The new companies will be one focused on consumer products, such as Band-Aid bandages and baby powder, and another focused on prescription drugs and medical devices. Shares of Johnson & Johnson were up 4 percent in premarket trading after the announcement. J&J did not immediately respond to a request for comment.Johnson & Johnson was already undergoing a major transition, as CEO Alex Gorsky had previously announced that he would be stepping down in January. Joaquin Duato, who was tapped as Gorsky’s successor, will lead the new J&J following the spinoff, the company said Friday.
The announcement is the second time this week that a major U.S. company has announced a plan to split itself, following
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johnson & Johnson Shares Jump In Premarket As Firm Plans To Split Into Two Separate CompaniesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
Read more »
Rebel Wilson shares surprising dating confession after split from Jacob BuschRebel Wilson split from boyfriend Jacob Busch in February – but she hasn't remained single…
Read more »
Elton John shares big news following serious surgeryElton John health: the star shared big news following his hip replacement surgery, as he was honoured by Prince Charles, the Prince of Wales.
Read more »
Influencer Anthony Urbano Shares His Top Shelf Beauty ProductsAnthony Urbano is filled with creativity. Here, the Filipino-American influencer dishes on the top products in his grooming rotation.
Read more »
Piers Morgan shares cheeky note he received from Holly Willoughby inside bookPiers Morgan received a cheeky note from Holly Willoughby inside a copy of her new book Reflections
Read more »
Rivian Shares Surge in Largest U.S. IPO Since 2014Shares of Rivian Automotive, whose backers include Amazon and Ford, jumped by more than a third in their market debut, the latest indication of the strong investor interest in the electric-vehicle market.
Read more »