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US drugmaker Pfizer says it will split business into three units

The three new units are innovative medicines, established medicines and consumer healthcare

Reuters  |  Bengaluru 

US drugmaker Pfizer said on Wednesday that it would split its business into three units and one of them would include a new hospital business segment. The three new units are innovative medicines, established medicines and consumer healthcare. The company said the innovative medicines business and consumer healhcare would together comprise about three—quarter of its revenue based on 2017 results. “This new structure represents a natural evolution of these businesses, given the ongoing strength of our in-market products and our late-stage pipeline and the expected ...

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First Published: Wed, July 11 2018. 22:43 IST
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