J&J spins off orthopaedics business against positive Q3 backdrop

Johnson & Johnson (J&J) has made the latest slimming down move across its company in recent years, saying it plans to separate its orthopaedics business into a new stand-alone company. While few details were shared on the spinoff, J&J said the new business will be named DePuy Synthes. The decision comes despite modest growth for the business, which already includes DePuy Synthes as one of its components. The unit, which includes artificial hip and knee devices, grew 2.4% this quarter. J&J acquired Switz ...