Johnson & Johnson to split into two companies
New Brunswick (US), Nov 12: Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday.
That company will include treatments such as Darzalex, Erleada, Imbruvica, Stelara and Tremfya as well as medical device solutions across interventional solutions, orthopaedics, surgery and vision.
The new consumer health company will house brands including Neutrogena, Aveeno, Tylenol, Listerine, Johnson's, and Band-Aid.
It is expected to generate revenue of approximately USD 15 billion for the year. A name was not disclosed for the new company.
Following a comprehensive review, the board and management team believe that the planned separation of the consumer health business is the best way to accelerate our efforts to serve patients, consumers, and healthcare professionals, create opportunities for our talented global team, drive profitable growth, and - most importantly - improve healthcare outcomes for people around the world, CEO Alex Gorsky said in a statement.
Details are sparse, but Johnson & Johnson expects the split to occur in the next two years, if approved by the company board.
The announcement comes just days after General Electric said that it plans to split into three separate companies.
Shares of Johnson & Johnson rose more than 4 per cent before the market opened.
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BJP won't cross 50-mark in Bengal polls, says TMC in response to Shah's 'two-thirds majority' claim
Kolkata (PTI): The Trinamool Congress on Tuesday hit back at Union Home Minister Amit Shah, accusing him of peddling falsehoods and making baseless claims about securing a two-thirds majority in the 2026 West Bengal Assembly elections.
Senior TMC leader and state education minister Bratya Basu told reporters that Shah's remarks were based on hollow assertions and claimed that the BJP would not even cross the 50-seat mark in the polls.
"Shah will keep coming and going like a tourist. Such visits will serve no purpose," Basu said on the sidelines of a programme.
"The BJP will not even cross the 50-mark in the assembly polls and suffer a humiliating defeat," Basu claimed.
Addressing a press conference here, Shah claimed that the BJP would form the next government in the state with a "two-thirds majority in 2026".
"We will not only identify infiltrators, but we'll also drive them out. Bengal will have a new BJP government after April 15, 2026, as people have made up their minds," he said.
Shah also took a dig at the Trinamool Congress government on the issue of women's safety.
"It has been officially stated that women should not step out of their homes after 7 pm. What era are we living in? Are we living in the Mughal period?," he said.
"Mamata ji, this is a free India. Ensuring that women can step out safely whenever they choose is a constitutional right. Your government has failed to provide this basic security," he added.
Criticising Shah over his comments on women's safety in the state, senior TMC leader and minister Sashi Panja urged the Union home minister to visit Bengal during the festive season, like Durga Puja and Christmas, when thousands of women move about freely and participate in festivities.
"In case a stray incident happens, our administration takes prompt action to bring the culprits to book. Instead, the rapists of Bilkis Bano are garlanded by your party activists. Your party shields Kuldeep Sengar and Brij Bhusan, who were accused of committing atrocities. Amitji should not lecture on women's security," she said.
Panja accused Shah and his party at the Centre of coming in the way of the passage of the Aparajita Bill, which would have ensured exemplary punishment to rapists after conviction.
On Shah's claims about the industrial decline of Bengal, Panja said since 2011, investment of Rs 13.8 lakh-crore came to the state.
"Bengal occupies the second berth in the MSME sector as per the figures available with the Centre, and he is peddling falsehood about the industrial growth of Bengal," she said.
TMC spokesperson Jay Prakash Majumdar also dismissed Shah's assertion that the BJP does not engage in temple-based polarising politics.
"Everyone knows the BJP campaigned on temple-masjid politics in both the 2019 and 2024 elections. This brand of politics will again be rejected by the people of Bengal," Majumdar said.
