'For sale' sign on yet another consumer healthcare business
In another Big Pharma move to realign their operations, US giant Pfizer (NYSE: PFE) yesterday announced that it is reviewing strategic alternatives for its Consumer Healthcare business.
Industry watchers have calculated that the business could be worth something in the range of $14-$15 billion. After moving around in the range of $36.03 to $36.38 during yesterday, Pfizer’s shares were barely changed by close, up 0.7%.
The company said that a range of options will be considered, including a full or partial separation of the Consumer Healthcare business from Pfizer through a spin-off, sale or other transaction, and Pfizer may ultimately determine to retain the business. Yesterday’s announcement is part of Pfizer’s continuing efforts to allocate resources and capital to best serve patients and maximize value for its shareholders, said Pfizer.
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