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US Pharma Giant Johnson & Johnson To Split Into 2 Companies.

US Pharma Giant Johnson & Johnson To Split Into 2 Companies

US pharmaceutical giant Johnson & Johnson plans to break up into two entities. (File)

New York:

US pharmaceutical giant Johnson & Johnson on Friday announced plans to break up into two entities, turning its consumer health arm into a separate company.

Johnson & Johnson said in a statement it will separate its pharmaceutical division from its consumer arm that sells Band-Aids, creating "two global leaders that are better positioned to deliver improved health outcomes for patients and consumers through innovation."

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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