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Pfizer Talks Potential Spinout, Suggests Tax-Inversion Play Still Possible

With 10 months of profit-and-loss data from its division into innovative and established product units, Pfizer will continue considering whether a spin-out into two separate companies offers shareholders the best value, CEO Read tells quarterly call. He also said tax-inversion remains a viable strategy for the pharma.

Almost a year after dividing into units focused on innovative products and established products, Pfizer Inc. is analyzing its balance sheets as it considers a possible spin-out of one of the units into an independent company, CEO Ian Read said during the firm’s third quarter earnings call Oct. 28.

“We have 10 months’ experience operating in our current commercial model with [profit-and-loss] information” for its Global Innovative Pharmaceutical segment...

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