© Reuters. FILE PHOTO: A primary help equipment made by Johnson & Johnson on the market on a retailer shelf in Westminster, Colorado April 14, 2009. REUTERS/Rick Wilking
By Carl O’Donnell
(Reuters) – Johnson & Johnson (NYSE:) plans to spin off its client well being division that sells Listerine and Baby Powder to concentrate on prescription drugs and medical gadgets in the greatest shake-up in the U.S. firm’s 135-year historical past.
Here is how J&J acquired to the place it is today.
Robert Wood Johnson companions with brothers James Wood Johnson and Edward Mead Johnson to discovered Johnson & Johnson in 1886. It initially targeted on ready-to-use sterile surgical dressings.
J&J begins producing Johnson’s Baby Powder.
In response to a worldwide flu pandemic, J&J begins promoting a masks designed to restrict the unfold of the airborne viral sickness.
J&J invents Band-Aid and begins advertising it in 1921.
J&J completes its preliminary public providing and turns into a publicly traded firm. It had annual gross sales of round $95 million at the time, in comparison with greater than $80 billion in 2020.
J&J acquires Tylenol maker McNeil Laboratories.
J&J acquires Janssen Pharmaceuticals, which now makes ADHD drug Concerta and J&J’s COVID-19 vaccine.
The first lawsuit alleging that J&J’s Baby Powder accommodates cancer-causing asbestos is filed in opposition to J&J. Since then, J&J has confronted 1000’s of lawsuits and billions of liabilities and has ceased distributing Baby Powder in the United States and Canada.
J&J acquires Centocor Biotech Inc, maker of Remicade for Crohn’s illness, and renames it Janssen Biotech.
Johnson and Johnson acquires orthopedic system maker Synthes for almost $20 billion to develop its medical product choices.
J&J acquires Actelion for $30 billion, including coronary heart illness medicines corresponding to Tracleer to its portfolio.
J&J begins creating a COVID-19 vaccine. It obtained authorization to start administering its COVID-19 shot the following 12 months.
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