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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EC meets representatives of political parties in West Bengal; maximum two-phase polling sought
Kolkata (PTI): Representatives of various political parties in West Bengal met the full bench of the Election Commission on Monday, and several of them sought a maximum of two-phase polling for the upcoming assembly elections, a senior official said.
Representatives of the TMC, BJP, CPI(M), Congress, AAP, NPP and Forward Bloc, among others, met Chief Election Commissioner Gyanesh Kumar, who was accompanied by Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi, and West Bengal CEO Manoj Agarwal at a hotel in New Town near Kolkata.
"A wide range of issues concerning the conduct of elections in the state were discussed. Several parties suggested that the elections be held in one or two phases and assured their cooperation in ensuring that the polls remain peaceful," the EC official said.
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The parties urged the EC to take stringent measures to curb the activities of anti-social elements and prevent intimidation of voters during the elections, he said.
"They emphasised the need for strong security arrangements, including deployment of Central Armed Police Forces in adequate numbers, to curb violence and ensure that voters can cast their ballots without fear," he said.
Some parties also raised concerns about the possible use of crude bombs, illegal firearms and money or muscle power during the elections, he added.
During the meeting, the CEC assured the parties that elections are conducted strictly in accordance with the law and all necessary steps would be taken to ensure a free, fair and transparent election in the state, the official said.
"The Election Commission has zero tolerance towards violence. We will not leave any stone unturned in ensuring impartial, transparent and peaceful elections," Kumar told the pre-poll consultation meeting, according to the official.
He also reiterated that the SIR exercise had been conducted in a transparent and unbiased manner, stating that Forms 6, 7 and 8 can still be filed for inclusion, deletion or correction of entries in the electoral rolls.
