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Pfizer considers divesting hospital drugs unit amid investor pressure and debt concerns

Pfizer is considering selling its hospital drugs unit, formed after the $17 billion acquisition of Hospira in 2015, amid pressure from activist investor Starboard Value. The unit, which includes various sterile injectables, generates around $500 million in annual EBITDA and could be valued at several billion dollars. This move follows a significant decline in Pfizer's market value and ongoing debt reduction efforts, exacerbated by supply disruptions from a tornado that damaged a key manufacturing facility.
Fierce Pharma
United States Dollar The Goldman Sachs Group, Inc. ICU Medical, Inc. Pfizer Inc. USA Dave Denton Albert Bourla Show more
Finance & Economy, News Article
17:09 12.11.2024
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