✉news BusinessBusiness first seen 9 h ago, last 1 h ago, peak #1
J&J Weighs Spinoff of Hips-and-Knees Unit
Original: J&J Is Leaning Toward Spinning Out Its Hips-And-Knees Business
Johnson & Johnson is leaning toward separating its orthopedic hips-and-knees business into an independent company, according to a Wall Street Journal report. The potential spinoff would mark a further retreat from J&J's medical device portfolio as it focuses on higher-growth areas such as pharmaceuticals and medtech. Investors and industry analysts are watching for a formal announcement and details on timing.
Why now: A new report signals a major strategic restructuring at one of the world's largest healthcare companies.
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