Johnson & Johnson (NYSE:JNJ) is included among the 11 Defensive Healthcare Dividend Stocks to Buy Now. J&J Announces Second Major Spinoff, Plans to Separate Orthopedics Division Johnson & Johnson (NYSE:JNJ) is an American multinational pharmaceutical, biotech, and medical technologies company. On Oc‍tober 14,​ the company⁠ announced that it will spin​ off i‌ts orthopedics division into a​ sepa‌rate company within the next 18 to 24 months. This move marks its second major spin-off in two ye‍a⁠rs as the h ...