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65-588: Founded in 1971 as Cardinal Foods by Robert D. Walter , the company was initially a food wholesaler . After acquiring the Bailey Drug Company in 1979, it began whole selling drugs. The company went public on the NASDAQ stock exchange in 1983. In 1988, Walter sold Cardinal Health's food operations to Roundy's . From 1991 to 1996, the company's sales grew from $ 1.2 billion to $ 8.9 billion. The company changed its name to Cardinal Health in 1994, and became

130-628: A $ 26 billion settlement. Cardinal will pay $ 6.4 billion over 18 years. In May 2020, Oklahoma Attorney General Mike Hunter sued Cardinal Health in Bryan County District Court, Oklahoma. The lawsuit alleged that he company's actions helped fuel Oklahoma's opioid crisis. The suit was filed along with lawsuits against AmerisourceBergen and McKesson , and the three lawsuits allege that the three companies provided "enough opioids to Bryan County that every adult resident there could have had 144 hydrocodone tablets." As of August 2021, it

195-428: A B.A. degree from Ohio University in 1967. Walter later attended Harvard Business School , where he received an MBA. In 1971, he founded Cardinal Foods after purchasing Monarch Foods, a small Ohio food wholesaler . In less than a decade his company became a regional food distributor. In 1979, the company acquired Bailey Drug Company and began wholesaling drugs. He renamed the company Cardinal Health. By 1983,

260-493: A bid to purchase Amerisource. Instead, Amerisource and Bergen merged into AmerisourceBergen . Later that year, Cardinal Health completed the acquisition of Owen Healthcare, the second-largest provider of pharmacy management services in the U.S. at the time. In 1999, the firm acquired the Chicago-based medical products manufacturer and distributor, Allegiance Healthcare (formerly a division of Baxter Healthcare ). In 2001,

325-524: A charitable donation. In 2008, the foundation established its E3 Grant Program. Over the past seven years, the Foundation has invested more than $ 7.15 million in funding to 241 hospitals, health systems or other health-related organizations. Cardinal Health also supports organizations such as Ronald McDonald House Charities , and was named Benefactor of the Year at the 2011 Corporate Caring Awards. In 2015,

390-757: A director of American Express , Nordstrom , CBS , Viacom and Westinghouse . He is married to Margaret "Peggy" Walter, who also attended Ohio University. The Walters have given support to the Ohio University community including Margaret Walter Hall, and to the Columbus Museum of Art , where they donated $ 10,000,000, the largest gift in the Museum’s history, in 2015. Walter resides in Dublin, Ohio ; Boca Raton, Florida ; and Park City, Utah . This article about an American businessperson born in

455-611: A further consent agreement with the FDA in 2009. In 2008, Cardinal Health agreed to pay $ 34 million in civil penalties to settle DEA allegations that it failed to report suspicious orders of hydrocodone. The fine followed a 10-month DEA suspension of a Lakeland, Florida distribution facility and two others in New Jersey and Washington. On February 2, 2012, the Drug Enforcement Administration again suspended

520-528: A guide on how to do sterile surgery using its products, and in 1888, distributed 85,000 copies to doctors and pharmacists across the United States. The manual was translated into three languages and distributed worldwide. The first commercial first aid kit was designed in 1888 to support railroad construction workers, who were often hundreds of miles from medical care. The kits included antiseptic emergency supplies and directions for field use. In 1901,

585-544: A letter to Franklin D. Roosevelt , calling for a federal law to increase wages and reduce hours for all American workers. The company also opened a new facility in Chicago during that period. Johnson wrote and distributed "Try Reality: A Discussion of Hours, Wages, and The Industrial Future" to persuade business leaders to follow his lead, advocating that business is more than profit and that companies have responsibilities to consumers, employees, and society. In "Try Reality",

650-480: A line of ready-to-use sterile surgical dressings in 1886. They founded Johnson & Johnson in 1886 with 14 employees, eight women and six men. Johnson & Johnson opened its first factory building in the old Janeway and Carpenter factory on Neilson Street in New Brunswick, New Jersey. They manufactured sterile surgical supplies, household products, and medical guides. Those products initially featured

715-420: A logo that resembled the signature of James Wood Johnson. Robert Wood Johnson served as the first president of the company. The company sold medicated plasters such as Johnson & Johnson's Black Perfect Taffeta Court Plaster and also manufactured the world's first sterile surgical products, including sutures, absorbent cotton, and gauze. The company published "Modern Methods of Antiseptic Wound Treatment",

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780-536: A not-for-profit level." Janssen Vaccines , in partnership with Beth Israel Deaconess Medical Center (BIDMC), is responsible for developing the vaccine candidate, based on the same technology used to make its Ebola vaccine . The vaccine candidate is expected to enter phase 1 human clinical study in September 2020. Demand for the product Tylenol surged two to four times normal levels in March 2020. In response,

845-553: A patent on the tuberculosis-treating drug bedaquiline , with secondary patents in at least 25 out of 43 countries with a high burden of tuberculosis blocking affordable generic versions of the drug, preventing millions of people from accessing the life-saving treatment. Though the patent was set to expire in many countries in 2023, Johnson & Johnson applied to extend the patent. On July 13, 2023, Stop TB Partnership announced that after negotiations with Johnson & Johnson, they had been granted licenses to produce generic versions of

910-659: A pharmaceutical apprentice at an apothecary run by his mother's cousin, James G. Wood, in Poughkeepsie, New York. Johnson co-founded his own company with George Seabury in 1873. The New York-based Seabury & Johnson became known for its medicated plasters. Robert Wood Johnson represented the company at the 1876 World's Fair. There he heard Joseph Lister 's explanation of a new procedure: antiseptic surgery. Johnson parted ways with his business partner Seabury in 1885. Robert Wood Johnson joined his brothers, James Wood Johnson and Edward Mead Johnson , and created

975-648: A presence in Hungary, Russia, the Czech Republic , and Poland. In the 1990s, the company acquired many familiar consumer health brands that made up the Johnson & Johnson family of companies. These acquisitions included Clean & Clear , Neutrogena , Motrin , and Aveeno . Johnson & Johnson opened an operating company in Israel in 1996. In 1997, Johnson & Johnson acquired Biosense Webster. DePuy

1040-502: A specialty pharmaceutical services company, for $ 517 million. In December 2010, the company acquired Kinray, an independent pharmaceutical wholesaler, increasing Cardinal Health's presence in the independent pharmacy market by 40 percent. From 2010 to 2014, Cardinal Health acquired 18 companies including Yong Yu, a Chinese drug distributor. Cardinal sold Yong Yu in 2017 to Shanghai Pharmaceuticals Holding Co. Ltd. for $ 1.2 billion. In July 2014, Cardinal Health and CVS formed Red Oak Sourcing,

1105-494: A textile mill and company town, Chicopee, outside Gainesville, Georgia. In the 1930s, the company expanded operations to Argentina, Brazil, Mexico, and South Africa. In 1931, Johnson & Johnson introduced the first prescription contraceptive gel marketed as Ortho-Gynol. Robert Wood Johnson II became president of the company in 1932. During The Great Depression Johnson & Johnson kept all its workers employed and raised wages by 5%. In 1933, Robert Wood Johnson II wrote

1170-633: Is ranked 14 on the Fortune 500 list with FY2020 annual revenue of $ 152.9 billion. The firm employs 48,000 people worldwide. In 1995, Medicine Shoppe International, the country's largest franchiser of retail pharmacies, was acquired. The merger represented the first non-distribution acquisition by Cardinal Health. In 1996, Cardinal Health acquired Pyxis Corporation , a company that developed automated pill dispensers for hospitals, for $ 867 million. In 1997, Cardinal Health planned to purchase Bergen Brunswig Corp., to which McKesson Corporation responded with

1235-516: The Assistant Secretary for Preparedness and Response (ASPR) at the U.S. Department of Health and Human Services (HHS). Paul Stoffels of Johnson & Johnson said, "In order to go fast, the people of Johnson & Johnson are committed to do this and all together we say we're going to do this not for profit. That's the fastest and the best way to find all the collaborations in the world to make this happen so we commit to bring this at

1300-417: The Drug Enforcement Administration ’s Office of Diversion Control, issued immediate suspension orders against Cardinal's supply of oxycodone to suspected pill mills. These orders were filed after Deputy Attorney General James M. Cole met with Rannazzisi to ask if he had met with Cardinal about the investigation. Cole stated that he believed “it made good sense to listen to what Cardinal had to say” regarding

1365-478: The Spanish–American War , Johnson & Johnson developed and donated 300,000 packaged compressed surgical dressings for soldiers in the field and created a trauma stretcher for field medics. The company donated its products in disaster relief efforts of the 1900 Galveston hurricane and the 1906 San Francisco earthquake . Johnson & Johnson vaccinated all of its employees against smallpox during

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1430-434: The 1901 smallpox epidemic. The firm employed more than 1,200 people by 1910. Women accounted for half of the company's workforce and led a quarter of its departments. Robert Wood Johnson died in 1910, and he was succeeded as president of the company by his brother James Wood Johnson. During World War I , Johnson & Johnson factories increased production to meet wartime demands for sterile surgical products. In 1916,

1495-632: The 1940s is a stub . You can help Misplaced Pages by expanding it . Johnson %26 Johnson Johnson & Johnson ( J&J ) is an American multinational pharmaceutical , biotechnology , and medical technologies corporation headquartered in New Brunswick, New Jersey , and publicly traded on the New York Stock Exchange . Its common stock is a component of the Dow Jones Industrial Average , and

1560-649: The DEA that Cardinal Health's activities represented an "imminent danger to the public." The company stated that it blocked two of the pharmacies, (Brooks Pharmacy in Bonita Springs, Florida , and Gulf Coast Medical in Panama City, Florida ), and notified the corporate owners of the two pharmacies that were part of national chains, two CVS stores in Sanford, Florida . In February 2012, Joseph Rannazzisi, chief of

1625-653: The Human Performance Institute. In October 2010, J&J acquired Crucell for $ 2.4 billion. The subsidiary operates as the centre for vaccines, within Johnson & Johnson pharmaceuticals business group. In 2012, Alex Gorsky became chairman and CEO of Johnson & Johnson. In November 2015, Biosense Webster, Inc. acquired Coherex Medical Inc. expanding the company's range of treatment options for patients with atrial fibrillation. In 2017, Johnson & Johnson acquired Abbott Medical Optics from Abbott Laboratories for $ 4.325 billion, adding

1690-446: The United States. In 2007, he was #14 on Fortune magazine's list of the 25 top-paid male executives, with total compensation of $ 42.7 million the previous year. He retired from Cardinal Health at the end of the 2008 fiscal year. In 2016, after serving on the board since 2006, he was named non-executive chairman of Louisville based Yum! Brands , the parent company of KFC , Pizza Hut and Taco Bell . Walter previously served as

1755-463: The baby in; and a chart for keeping birth records. The products were later marketed separately, including "Lister's Towels", the world's first mass-produced sanitary napkins. Kilmer wrote "Hygiene in Maternity", an instructional guide for mothers before and after delivery. In 1904, the company expanded its baby care products with "Lister's Sanitary Diapers", a diaper product for infants. During

1820-536: The burden of proof enforcers need to show against drug distributors, was signed into law by President Barack Obama in April 2016. In January 2018, Michael Kaufmann assumed the role of CEO after serving as CFO of the company. In 2019, Cardinal was one of several drug distributors named in lawsuits related to the opioid crisis in the US . In July 2021, Cardinal Health and other pharmaceutical companies agreed to participate in

1885-462: The company acquired Bindley Western Industries, a wholesale distributor of pharmaceuticals based in Indianapolis . In April 2006, Cardinal Health purchased Niagara Falls-based ParMed Pharmaceuticals for $ 40.1 million. In June 2007, the firm announced the completion of a tender offer for VIASYS Healthcare. In June 2010, Cardinal Health announced plans to purchase Healthcare Solutions Holding,

1950-584: The company acquired Chicopee Manufacturing Company in Chicopee Falls, Massachusetts , to meet demand. Near the end of World War I, the 1918 flu pandemic broke out. The company invented and distributed an epidemic mask that helped prevent the spread of the flu. In 1919, Johnson & Johnson opened the Gilmour Plant near Montreal, its first factory outside the United States, which produced surgical products for international customers. In 1924

2015-455: The company acquired subscription-based contact lens startup Sightbox. In September of the same year Johnson & Johnson Medical GmbH acquired Emerging Implant Technologies GmbH, manufacturer of 3D-printed titanium interbody implants for spinal fusion surgery. In March 2019, the FDA approved esketamine for the treatment of severe depression, which is marketed as Spravato by Janssen Pharmaceuticals. In 2019, Johnson & Johnson announced

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2080-423: The company began producing Johnson's Baby Powder, the company's first baby product. The company introduced the world's first maternity kit in 1894 to aid at-home births, called Dr. Simpson's Maternity Packet, presumably after Scottish obstetrician James Young Simpson . The kit included a washcloth; safety pins; sterile sutures, sponges, and gauze; antiseptic soap; an obstetric sheet and ligatures; flannel to wrap

2145-541: The company developed the RhoGAM vaccine. The vaccine prevented Rh hemolytic disease in newborns. In 1969, Ortho Diagnostics, a company subsidiary, launched the Sickledex Tube Test for detecting anemia. The same year, the FDA approved the Johnson & Johnson arterial graft. In 1971, the company launched Hapindex Diagnostic Test, a rapid hepatitis B test for blood donors. The test was developed to prevent

2210-772: The company increased production globally. For example, the Tylenol plant in Puerto Rico ran 24 hours a day, seven days a week. In response to the shortage of ventilators, Ethicon, with Prisma Health , made and distributed the VESper Ventilator Expansion Splitter, which uses 3D printing technology, to allow one ventilator to support two patients. In June 2020, Johnson & Johnson and the National Institute of Allergy and Infectious Diseases (NIAID) confirmed its intention to start

2275-648: The company is ranked No. 40 on the 2023 Fortune 500 list of the largest United States corporations. In 2023, the company was ranked 40th in the Forbes Global 2000 . Johnson & Johnson has a global workforce of approximately 130,000 employees who are led by the company's current chairman and chief executive officer, Joaquin Duato . Johnson & Johnson was founded in 1886 by three brothers, Robert Wood Johnson , James Wood Johnson , and Edward Mead Johnson , selling ready-to-use sterile surgical dressings. In 2023,

2340-607: The company opened its first Asia-based operating company in the Philippines. The following year, an operating company opened in India. In 1959, Johnson & Johnson acquired McNeil Laboratories. A year later, the company sold Tylenol for the first time without a prescription. In the same year, Cilag Chemie joined Johnson & Johnson as Cilag. In 1961, Johnson & Johnson acquired Janssen Pharmaceuticals , which had been founded in 1953 by Belgian scientist Paul Janssen ,

2405-526: The company published the Handbook of First Aid , a guide on applying first aid. In 1889, the company hired pharmacist Fred Kilmer as its first scientific director, who led its scientific research and wrote educational manuals. Kilmer's first achievement as scientific director was developing the industrial sterilization process. He was employed at the company until 1934. Johnson & Johnson had more than 400 employees and 14 buildings by 1894. In 1894,

2470-466: The company split-off its consumer healthcare business sector into a new publicly traded company, Kenvue . The company is exclusively focused on developing and producing pharmaceutical prescription drugs and medical device technologies. Johnson & Johnson is one of the world's most valuable companies and is one of only two U.S.-based companies that has a prime credit rating of AAA. Robert Wood Johnson began his professional training at age 16 as

2535-501: The company was preparing for its initial public offering (IPO), Robert Wood Johnson wrote what the company would call, "Our Credo", a defining document that has been used to guide the company's decisions over the years. The company completed its IPO and became a public company in 1944. In 1943, Vesta Stoudt identified a need for waterproof tape for ammunition boxes in World War Two . She wrote to Franklin D. Roosevelt with

2600-459: The company went public and, under Walter's direction, achieved $ 1 billion in revenue in 1991. In subsequent years, the company experienced extraordinary growth, "one of a handful of large U.S. companies that had achieved earnings-per-share growth in excess of 20 percent for 15 years straight." Cardinal Health is now a Fortune 100 company and one of the largest distributors of pharmaceuticals , health & beauty products, and hospital supplies in

2665-579: The company's chairman and CEO. During Burke's tenure, he managed the 1982 Tylenol tampering incident. It became a case study on crisis management. Under his leadership, the company recalled 31 million bottles of Tylenol, relaunched the product with a triple tamper-evident seal, and urged consumers not to use if tampered with. These practices became the pharmaceutical and packaged food industry norm. Johnson & Johnson opened operating companies in China and Egypt in 1985. In 1987, Acuvue contact lenses became

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2730-468: The company's first overseas manufacturing facility was opened in Slough , England. In 1920, Earle Dickson combined two Johnson & Johnson products, adhesive tape and gauze, to create the first commercial adhesive bandage. Band-Aid Brand Adhesive Bandages began sales the following year. In 1921, the company released Johnson's Baby Soap. Named after its Massachusetts facility, Johnson & Johnson built

2795-403: The company's portfolio. In the same year, Johnson & Johnson's Janssen Pharmaceuticals, launched Prezista , a protease inhibitor for patients with failed previous HIV therapies. In 2008, Johnson & Johnson acquired Mentor Corporation for $ 1 billion and merge its operations into Ethicon. In 2009, the company acquired HealthMedia, later renamed to Health & Wellness Solutions and

2860-634: The division in August 2021 to Hellman & Friedman, a private equity firm, for $ 1 billion. In April 2017, Cardinal Health announced the plan to acquire the patient product portfolio from Medtronic for $ 6.1 billion. The acquisition was completed on July 30, 2017. Multiple legal settlements have demonstrated Cardinale Health's role in the US Opioid epidemic , though the company never admitted wrongdoing: In September 2004, Cardinal Health announced plans to restate past results for fiscal 2001, 2002, 2003, and

2925-674: The drug. Johnson & Johnson announced several acquisitions in 2024: Ambrx Biopharma for $ 2 billion (in January), Shockwave Medical for $ 13.1 billion (in April), and Proteologix for $ 850 million (in May). Johnson & Johnson committed over $ 1 billion toward the development of a not-for-profit COVID-19 vaccine in partnership with the Biomedical Advanced Research and Development Authority (BARDA) Office of

2990-475: The first disposable contact lenses available to consumers. The lenses lasted up to one week, reducing the cost of contact lenses. In the same year, the company launched One Touch, a blood glucose monitoring system. In 1989, Ralph S. Larsen was appointed chairman and CEO of the company. After the dissolution of the Soviet Union , Johnson & Johnson expanded into eastern Europe. By 1991, the company had

3055-477: The first three quarters of 2004 downward, after an accounting review and an ongoing federal investigation. In 2005, in connection with the Audit Committee's conclusions reached in September and October 2004, the company made certain reclassification and restatement adjustments to its fiscal 2004 and prior historical consolidated financial statements. According to The Wall Street Journal , "Analysts called

3120-547: The foundation contributed $ 3 million to the Solutions for Patient Safety project, which has raised over $ 11 million nationally for efforts to improve safety initiatives in children's hospitals. Robert D. Walter Robert D. Walter (born 1944) is an American businessman best known for his role in the creation of Cardinal Health . Walter graduated from St. Charles Preparatory School in Columbus, Ohio , and received

3185-463: The idea; the president commissioned Revolite, a subsidiary of Johnson & Johnson at the time, to develop and manufacture a cloth-based adhesive tape. In 1944, the company began selling Johnson's Baby Lotion. The same year, the company established Ethicon Suture Laboratories. In 1947, G. F. Merson Ltd. was acquired to expand the company's suture business in the United Kingdom. The company

3250-653: The inventor of Fentanyl . In 1963, Philip B. Hofmann succeeded Robert Wood Johnson as chairman and CEO. He was the first non-Johnson family member to become chief executive. Hofmann also helped found the Robert Wood Johnson Foundation . In the same year, the Food and Drug Administration approved a synthetic hormone contraceptive pill, Ortho-Novum. In 1965, Johnson & Johnson acquired Codman & Shurtleff. The acquired company produced neurovascular devices and neurosurgery technologies. In 1968,

3315-466: The investigation. That year, Cardinal and the DEA reached a settlement that suspended Cardinal's facility in Lakeland, Florida from selling pain killers or other drugs for two years. In 2016, Cardinal was fined $ 44 million for after the investigation concluded. In January 2022, Cardinal Health, Johnson & Johnson, McKesson, and AmerisourceBergen agreed to pay $ 26 billion to settle with all but five of

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3380-403: The largest generic drug sourcing operation in the United States. The companies started buying generic drugs around the world to sell in U.S. markets. In March 2015, Cardinal Health signed an agreement to acquire Johnson & Johnson 's Cordis (medical) division, a cardiology and endovascular device manufacturer, for $ 1.94 billion. The acquisition was completed on October 4, 2015. Cardinal sold

3445-402: The license of the firm's Lakeland distribution center to distribute controlled substances on charges that it had allowed four Florida pharmacies to purchase excessive amounts of controlled substances, in particular oxycodone . Cardinal Health obtained a restraining order against the suspension, but the suspension was upheld on February 29 by a Federal district court because the court agreed with

3510-420: The new division into Johnson & Johnson Vision Care, Inc. in 2017. That same year, Johnson & Johnson acquired Actelion in a $ 30 billion deal, the largest ever purchase by the company. After the purchase, Johnson & Johnson spun off Actelion's research and development unit into a separate legal entity. In July 2017, Johnson & Johnson Vision Care, Inc acquired TearScience . In September 2017,

3575-495: The new name for its Consumer Health business. Kenvue went public through an IPO in May 2023, with Johnson & Johnson maintaining a controlling stake of around 91 percent. On July 24, 2023, Johnson & Johnson Launched an exchange offer to split-off Kenvue. Following the completion of the exchange offer, Johnson & Johnson will retain approximately 9.5% of the outstanding shares of Kenvue common stock. Johnson & Johnson holds

3640-606: The release of photochromic contact lenses. The lenses adjust to sunlight and help eyes recover from bright light exposure faster. The lenses contain a photochromic additive that adapts visible light amounts filtered to the eyes and are the first to use such additives. In November 2020, Johnson & Johnson acquired Momenta Pharmaceuticals for $ 6.5 billion. In January 2022, Joaquin Duato became CEO of Johnson & Johnson. In December 2022, Johnson & Johnson acquired cardiovascular medical technology company Abiomed Inc. for $ 16.6 billion. Johnson & Johnson began

3705-563: The restatement decision troubling, yet limited in scope." In August 2006, Cardinal Health ceased production of its Alaris SE infusion pump after approximately 1300 units were seized by the United States Food and Drug Administration (FDA). In February 2007, Cardinal Health signed a consent decree with the FDA which promised procedures to guarantee the safety of the Alaris SE. After FDA inspections, Cardinal Health entered into

3770-687: The section titled "An Industrial Philosophy" would later become the company's credo. In 1935, Johnson's Baby Oil was added to its line of baby products. Both male and female Johnson & Johnson employees were drafted and enlisted during World War II. The company ensured no one would lose their job when they returned home. Robert Wood Johnson II was appointed head of the Smaller War Plants Corporation in Washington, D.C. His work ensured U.S. factories with under 500 employees were awarded government contracts. In 1943, as

3835-545: The separation of their consumer healthcare business sector in November 2021. In the split, Johnson & Johnson will retain the Johnson & Johnson name for prescription drugs and medical devices , while the second company will sell consumer health products and take over the Neutrogena , Aveeno , Tylenol , Listerine , Johnson's, Band-Aid and other brands. In September 2022, Johnson & Johnson chose Kenvue as

3900-807: The spin-off of its clinical and medical products businesses into an independent medical technology company called CareFusion with David Schlotterbeck as CEO. Cardinal Health is now traded on the NYSE under symbol CAH. In December 2013, it was announced that Cardinal Health would partner with CVS Caremark to form a generic drug sourcing operation in the United States. The venture was named Red Oak Sourcing and began operations in July 2014. Between 2014 and 2016, Cardinal, alongside McKesson Corporation , and AmerisourceBergen , spent $ 13 million lobbying Congress to pass Congressman Tom Marino 's "Ensuring Patient Access and Effective Drug Enforcement Act". The bill, which increases

3965-427: The spread of hepatitis B through blood transfusions. In the 1970s, Johnson & Johnson hired Henry N. Cobb from Pei Cobb Freed & Partners to design its new headquarters. The firm designed Johnson & Johnson Plaza across the railroad tracks from the older section of the Johnson & Johnson campus. In 1973, Richard Sellars became chairman and CEO of Johnson & Johnson. In 1976, James E. Burke became

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4030-436: The states suing them. Had the states gone to court, the companies could have faced up to $ 95 billion in penalties. Annual financial statistics are displayed below: The Cardinal Health Foundation is the charitable arm of Cardinal Health. The company makes annual product donations of over $ 9 million through international relief organizations and provides up to $ 1,000 in matching funds for every Cardinal Health employee that makes

4095-422: The third-largest pharmaceutical wholesaler in the United States. R. Kerry Clark, a former executive and vice chairman at Procter & Gamble , was appointed president and CEO in April 2006, with Robert D. Walter retaining Chairmanship of the board. In September 2008, the company announced Clark and Walter would retire and George S. Barrett would become the chairman and CEO. In 2009, Cardinal Health completed

4160-561: Was acquired by Johnson & Johnson in 1998, rolling it into the Medtech business group. William C. Weldon was appointed chairman and CEO of the company in 2002. In 2003, Ethicon launched Vicryl Plus Antibacterial Sutures. The products prevent post-surgery infection within stitches. In 2006, Johnson & Johnson acquired Pfizer's consumer healthcare business and merged it with its consumer healthcare business group. The acquisition added brands like Listerine , Bengay , and Neosporin to

4225-499: Was rebranded and absorbed into Ethicon . Johnson & Johnson chairman of the board , Robert Wood Johnson, published Or Forfeit Freedom , in 1947. The book outlined that businesses need to develop sustainable methods of using natural resources for the future of business and the planet. In 1955, Ethicon developed a micro-point reverse-cutting ophthalmic needle attached to the suture. Micro-point surgical needles and sutures allowed for advances in modern vision surgery. In 1956,

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