Who Owns Tylenol?
Tylenol is owned by Kenvue Inc., a publicly traded American consumer health company spun off from Johnson and Johnson in 2023. Kenvue is headquartered in Skillman, New Jersey, USA and trades on NYSE under KVUE. Tylenol is Kenvue's flagship over-the-counter pain relief brand.
Parent Company
Kenvue
Founded
1955
Status
Publicly Traded
Headquarters
New Brunswick, New Jersey, USA
Who Owns Tylenol?
- Parent Company: Kenvue
- Ownership Type: Subsidiary
- Company Type: Publicly Traded
- Stock Ticker: NYSE: KVUE
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Tylenol | Kenvue | Subsidiary |
History of Tylenol
- Founded: 1955
- Founders: McNeil Laboratories (original developer)
Tylenol traces its origins to 1955 when McNeil Laboratories introduced acetaminophen as a prescription pain reliever under the name Tylenol. The product was the first acetaminophen-based pain medication available in the United States, offering an alternative to aspirin and other analgesics.
In 1959, Johnson & Johnson acquired McNeil Laboratories, bringing Tylenol under its ownership. Under Johnson & Johnson's stewardship, Tylenol was converted from a prescription drug to an over-the-counter medication in 1960, dramatically expanding its market reach and accessibility.
Throughout the 1960s and 1970s, Tylenol grew to become one of America's most popular pain relief medications, known for its gentle formula and effectiveness. The brand expanded its product line to include various formulations for different needs and age groups.
The brand faced a major crisis in 1982 when seven people in Chicago died after taking Tylenol capsules that had been laced with cyanide. Johnson & Johnson's response to the crisis, including a massive product recall and introduction of tamper-resistant packaging, became a model for crisis management and product safety.
Despite the setback, Tylenol recovered and rebuilt consumer trust, returning to market leadership position. The brand has continued to innovate with new formulations, delivery methods, and expanded product lines while maintaining its reputation for safety and effectiveness.
About Kenvue
Kenvue is an American consumer health company founded in 2023 through a spin-off from Johnson & Johnson, headquartered in Jersey City, New Jersey. Under CEO Kirk Perry, Kenvue trades on NYSE (KVUE) and is the world's largest pure-play consumer health company by revenue. The company specializes in over-the-counter health and wellness products with iconic brands including Tylenol, Listerine, Band-Aid, and Neutrogena, reporting Q3 2025 net sales decline of 3.5% with adjusted diluted EPS of $0.28.
- Founded: 2023
- Headquarters: Jersey City, New Jersey, USA
- Company Type: Publicly Traded
- Stock: NYSE: KVUE
Where Is Tylenol Made / Based?
- Headquarters: New Brunswick, New Jersey, USA
- Manufacturing / Operations: United States, Puerto Rico, Europe, Asia
Brands Owned by Kenvue
- Band-Aid - American brand of adhesive bandages and wound care products manufactured and mar...
- Listerine - American antiseptic mouthwash brand known for its germ-killing formula and disti...
- Neutrogena - American brand of skincare products specializing in dermatologist-recommended co...
Tylenol Ownership: Pros & Cons
Advantages
- +Market leadership in over-the-counter pain relief with strong brand recognition
- +Trusted reputation for safety and effectiveness after decades of consumer use
- +Extensive distribution network reaching pharmacies and retailers worldwide
- +Backed by Kenvue's dedicated consumer health research capabilities and expertise
- +Diversified product line serving various pain relief needs and demographics
Considerations
- -Intense competition from generic acetaminophen and other pain relief brands
- -Regulatory scrutiny over dosage limits and safety warnings
- -Product liability risks and potential recalls in pharmaceutical industry
- -Price pressure from store brands and generic alternatives
- -Need for continuous innovation in pain relief formulations and delivery
Frequently Asked Questions About Tylenol
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