Posted on Nov 13, 2021
Johnson & Johnson to split into 2 public companies
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https://www.npr.org/2021/11/12/ [login to see] /johnson-split-public-health-care-company
Johnson & Johnson is peeling off a consumer health business that helped it become the world's biggest health care products maker.
Johnson & Johnson is peeling off a consumer health business that helped it become the world's biggest health care products maker.
Johnson & Johnson to split into 2 public companies
Posted from npr.org
Health
Johnson & Johnson
Business
Pharmaceuticals
Medical
Posted >1 y ago
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J&J has taken a few hard hits in recent years, but those big businesses usually find a way to come up smelling roses...
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PO1 William "Chip" Nagel and now... the real reason...
..."Johnson & Johnson also faces thousands of lawsuits claiming that one of its consumer products, talc-based baby powder, causes ovarian cancer and mesothelioma.
Last month, J&J announced that it had created a separate subsidiary to deal with those claims, and that subsidiary filed for voluntary Chapter 11 bankruptcy protection."...
..."Johnson & Johnson also faces thousands of lawsuits claiming that one of its consumer products, talc-based baby powder, causes ovarian cancer and mesothelioma.
Last month, J&J announced that it had created a separate subsidiary to deal with those claims, and that subsidiary filed for voluntary Chapter 11 bankruptcy protection."...
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