Johnson & Johnson renamed its medical device company to Johnson & Johnson MedTech, dropping the previous name.
On March 8, the company announced it was changing Johnson & Johnson Medical Devices to MedTech in order to "reflect the company's global leadership as a medtech innovator," according to the press release.
"Our business sits at the compelling intersection of medical devices and medical technology, and as the world's most broadly based medtech company, we are committed to delivering breakthrough scientific innovation and reimagining health in an increasingly digital world," Ashley McEvoy, executive vice president, worldwide chairman of Johnson & Johnson MedTech said.
The name change comes after the pharmaceutical giant announced the split into two companies on Nov. 12, with one public company being dedicated to medical devices and pharmaceuticals and another dedicated to consumer health products.