Johnson and Johnson (J&J) announced Friday that it plans to break up its two companies, separating its consumer health business into its own publicly-traded company.
The health care giant said it would separate the division that sells consumer products like Band-Aids, Listerine and Tylenol from its riskier and faster-growing pharmaceutical and medical device business, according to a company press release. The consumer division, which generates $15 billion in revenue a year, will operate independently in the next 18 to 24 months.
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