Johnson & Johnson Merck Joint Venture
Known as the "JV," this 50/50 joint venture between Johnson & Johnson and Merck handles the OTC product lines Pepcid, Mylanta, and Mylicon and is located at the McNeil Consumer Healthcare headquarters in Fort Washington, PA.
In September 2011, however, the JV ended, when Merck sold its 50 percent interest in the joint venture. Merck said it sold its interest in the joint venture so it could focus on building the consumer products division it gained through its acquisition of Schering-Plough in 2009. By terminating the joint venture, Merck said it will have greater freedom to exploit opportunities to switch prescription medicines to over-the-counter products, which can be purchased without a doctor’s prescription.
Read more about this topic: Mc Neil Laboratories
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