trending Market Intelligence /marketintelligence/en/news-insights/trending/LnJqeJtPbd7lNgSpnTpwPA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Pfizer to review strategic options for consumer health business

Amazon e-commerce sales soar amid COVID-19

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Pfizer to review strategic options for consumer health business

Pfizer Inc. is reviewing strategic alternatives for its consumer healthcare business, including a full or partial separation via a spin-off, sale or some other transaction.

The company may also choose to retain the unit.

"Although there is a strong connection between consumer healthcare and elements of our core biopharmaceutical businesses, it is also distinct enough from our core business that there is potential for its value to be more fully realized outside the company," Pfizer Chairman and CEO Ian Read said in a statement.

The segment develops, manufactures and markets major non-prescription medicines, vitamins and personal care products including pain management drugs Advil and Thermacare. The unit generated approximately $3.4 billion in revenue in 2016.

The company has engaged Centerview Partners LLC, Guggenheim Securities LLC and Morgan Stanley & Co. LLC as financial advisers for the strategic review process. Pfizer expects that a final decision on the segment would be made during 2018.