Economy

Pfizer may sell consumer unit; includes Advil, Centrum, & ChapStick

Pfizer may sell consumer unit; includes Advil, Centrum, & ChapStick

Pfizer has announced that it is reviewing strategic alternatives for its Consumer Healthcare business.

Pfizer is considering either a partial or full separation from its Consumer Healthcare unit by selling it, through a spinoff or some other transaction, the firm said in a news release. In addition to Advil and Centrum, the segment markets 10 products that exceeded $100 million in sales past year. Of course, Pfizer may decide to keep the business, which generated $3.4 billion in sales past year, or about 6 percent of total revenue. In addition, the business has 10 brands that each exceeded $100 million in 2016 sales, and several local brands that are top-ranked in their respective markets.

The announcement paves the way for a potential sale of its consumer-facing businesses, which include over-the-counter medicines, vitamins, and personal care products. Major product categories include dietary supplements, pain medications, gastrointestinal, respiratory and personal care.

Mike Pence - puppet, pawn or just a proud American?
Several owners released statements criticizing the president's comments and some locked arms with their players during the anthem. The president told the crowd at the rally on September 22 that teams should fire players who kneel during the anthem.

Centerview Partners, Guggenheim Securities and Morgan Stanley have been brought in as advisors for the strategic review process.

Pfizer Inc. (NYSE:PFE) is exploring strategic alternatives for its consumer-focused health portfolio, the pharmaceutical giant said on Tuesday. The company said any decision related to the options would be made during 2018.


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