Pfizer to separate business into three units: will this lead to spin-outs?
Moving in a direction already advocated by several analysts, US pharma behemoth Pfizer (NYSE: PFE) today (July 29) said it plans to move forward to internally separate its commercial operations into three business segments, two of which will include Innovative business lines and a third which will include the Value business line.
Each of the three segments will include developed markets and emerging markets. The changes will be implemented in January 2014 in countries that do not require a consultation with works councils or unions, and will be implemented in countries that require consultation after the successful conclusion of those processes, it stated.
Several non-core units already spun out
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