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...Most countries have regulations that restrict direct-to-consumer advertising of prescription-only medicines although some, including the US and New Zealand, allow the practice....
...Johnson & Johnson has struck a deal to buy medical device maker Shockwave Medical for $13.1bn, as the healthcare giant puts cash to work from the spin-off of its consumer health arm to pursue acquisitions...
...Janssen is the pharmaceutical division of J&J....
...Its key target in moving “beyond nicotine”, to generate $1bn in revenues from its wellness and healthcare division by 2025, is “questionable”, he admitted. Vectura’s figures aren’t disclosed....
...Then, in January, as part of its plan to break itself up into three pieces and then to disappear as a conglomerate, GE spun-off 80.1 per cent of its healthcare division as GE HealthCare Technologies, Inc...
...The company is eager to resolve the uncertainty regarding the talc claims before it spins off its consumer health division in coming months....
...PMI revenues from that division stood at just $271mn last year....
...Under the terms of deal, parent Walgreens will put $3.5bn into the takeover in a mix of debt and equity. Cigna’s healthcare unit Evernorth is also investing....
...One has to wonder why J&J, which is in the midst of spinning off its consumer products division, felt the need to do a deal now. Sure, it is sitting on $34bn of cash and equivalent....
...Those include failing to block a tie-up between UnitedHealth Group, a healthcare company, and technology group Change Healthcare, as well as the acquisition of Imperial Sugar by US Sugar....
...J&J announced plans last year to spin off its consumer products division, reorienting its efforts on drugs and medical devices, a trend seen in the industry at large....
...UnitedHealth has benefited in recent years from a rise in healthcare spending and increased collaboration between its insurance arm and services division Optum....
...Instead, we are keeping our focus on executing our plan to separate Consumer Healthcare, through a demerger in the middle of this year — to create a new world-leading consumer health company listed in London...
...The company’s consumer health division is part of a $270bn sector in which pharmaceutical groups compete with consumer goods makers such as Reckitt Benckiser and Nestlé....
...It will spin out a consumer-health division — home to household staples like Band-Aid and Tylenol — most likely through a stock listing....
...Boots, the UK pharmacy chain that is the largest part of the group’s international division, reported sales growth of 16 per cent, helped by a near doubling of online sales compared with pre-pandemic levels...
...J&J is following a trend in the pharmaceutical sector, as companies dispose of slower growing consumer healthcare divisions to concentrate on drug discovery....
...The ecommerce company’s genuine forays into connected fitness, with its Halo range of monitoring devices, as well as a growing healthcare business, have led analysts to suggest Peloton would make an ideal...
...The disclosure came as J&J increased its 2021 profit forecast following strong third-quarter earnings growth driven by a broad recovery across its main healthcare divisions, as Covid-19 restrictions ease...
...But while the California rapper may delight in such luxuries, most consumers are ordering less....
...Since becoming chief executive in 2019, Bourla has transformed the company by hiving off its consumer health division and a unit that made older, off-patent drugs....
...She previously spent more than a decade at Walmart, culminating in a five-year spell at the helm of Sam’s Club, the retailer’s warehouse club division....
...States, counties and cities have been left with large bills for healthcare and law enforcement....
...Soon after Roz Brewer became chief executive of Sam’s Club in 2012, making history as the first woman and the first African-American to lead a division of Walmart, she was at an elite event in New York....
...About 4,000 jobs are to go as part of a restructuring of the division....
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