Pfizer Inc.'s consumer business, says CEO Ian Read, provides the best shareholder value as a part of the firm, while market analysts expect Pfizer is preparing to split off the division along with its vaccines and oncology units.
Pfizer Likes Consumer Business Right Where It Is, Or Eventually Could Be
Driven by US sales of Nexium 24HR and Advil, Pfizer's fiscal 2016 first-quarter consumer product revenues increased 2% to $822m. CEO Ian Read says Pfizer is open to adding to or selling off its consumer business, but currently likes it just where it is.
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