Shire May Split Up – But Punting On Bigger Decisions For Now

08 Jan 2018

The specialty pharma is dividing its operations into rare disease and neuroscience units, but whether that will mean a spinout for the latter won't be revealed for months.

Headed for danger business concept as a man walking on a straight road towards a group of dangerous sharks as a metaphor and symbol of risk and courage from a person on a career path or life journey.

Following through on a strategy it first began talking about last August, Shire PLC announced Jan. 8 that it is creating "two distinct divisions" within the company – one focused on rare diseases, the other on neuroscience – and will begin reporting the operational metrics of each unit starting with its first quarter earnings report.

Intentionally left up in the air is whether Shire is thinking about a spinout or an initial public offering for the smaller neuroscience unit, comprised mainly of its ADHD franchise,...

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