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Pfizer Essential Health Is Staying Put And Has A Focused Strategy For Growth

 
• By Jessica Merrill

With a new name and focused strategy, Pfizer’s Essential Health business has evolved since the acquisition of Hospira in 2015. Group President John Young outlined the company’s plans to transition a unit that was established to manage patent expirations to become a growth center.

Pfizer Inc. has a goal to turn its Essential Health business unit – originally established to help the company manage the loss of exclusivity of Lipitor and other blockbuster drugs – into a growth driver. Group President John Young and other top executives outlined the strategy to get there during a media briefing at the company’s headquarters in New York Nov. 10.

Essential Health has a lower profile than Pfizer’s other business unit, Innovative Health, under which the company develops and markets innovative brand medicines and vaccines like Xeljanz, Ibrance and Prevnar

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