Johnson & Johnson to split into 2 companies

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Johnson and Johnson the world's biggest maker of health care products is splitting into two companies first know the companies will not be called Johnson and Johnson the Johnson and Johnson name will remain with Jane J's medical device and prescription drug business the division that sells bandaids Listerine and over the counter medicines like Tylenol will become a new consumer health company name not yet disclosed CEO Alex Gorsky says the two areas have evolved as fundamentally different businesses you know it's the consumer health business has more than twenty brands that each have over one hundred and fifty million dollars in annual sales the split is intended to make each company more nimble and adapting to their respective markets and allow for more precise allocation of capital I'm

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