Friday February 21, 2020

Pfizer splits internal operations ahead of possible breakup

Pfizer said it will split up its three major internal businesses and shuffle the management that leads them, part of the company’s preparation for a further break up.

29th July, 2013
Pfizer said earlier this month that it is to invest $130 million in Ireland.

Pfizer, the world’s biggest drugmaker, said it will split up its three major internal businesses and shuffle the management that leads them, part of the company’s preparation for a further break up.

Pfizer in 2012 sold its infant nutrition business to Nestle for $11.9 billion and this year spun off its $4.3 billion-a-year animal-health unit. The latest reorganization divides what’s left of the company into two brand-name drug units and a...

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