Pfizer Separates Consumer Health Unit In Business Rejig
Pfizer Inc has announced plans to reorganise its operations into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year.
The company said it is still looking for options for the lower-margin, non-core consumer healthcare business that makes products ranging from painkiller Advil to lip balms and is worth about $15 billion.
"Given the lack of urgency, management is being rational about its divestiture," BMO Capital Markets analyst Alex Arfaei said, adding the new structure will help Pfizer maintain its options for the business.
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