Merck & Co. Inc.beginsa restructuring expected to eliminate 8,500 positions and generate savings of $2.5 billion by 2015 with no immediate plans to divest its consumer health business.
Merck Reaffirms Commitment To Consumer Care In Restructuring
Merck says it remains committed to retaining consumer care and animal health, though it continues to evaluate the businesses. Competitors such as Pfizer and Bristol-Myers Squibb successfully spun out non-pharma assets following similar restructurings.