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Pfizer sells its urological subsidiary American Medical Systems

Pfizer has sold the second of the three businesses in its medical technology group - American Medical Systems - to a venture capital company which is also a Pfizer shareholder. Warburg Pincus paid the relatively low price of $130 million for the urological company, which had sales of $90 million last year.

Pfizer has sold the second of the three businesses in its medical technology group - American Medical Systems - to a venture capital company which is also a Pfizer shareholder. Warburg Pincus paid the relatively low price of $130 million for the urological company, which had sales of $90 million last year.

Pfizer has been steadily selling off its businesses in the non-pharmaceutical sector. In December 1997 US Surgical bought the Valleylab...

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