Pfizer Inc. (PFE)'s Baby Formula Sale is One of Six Events That Will Set the Mood for Pharma Stocks
4/18/2012 7:54:41 AM
The Wall Street Journal is reporting that Pfizer is nearing a deal to sell its nutritional business (which mainly makes baby formula) to Nestle for at least $9 billion. A sale of the business was widely expected, and is seen by many investors as a likely first step for the Brobdingnagian drug firm to spin off even more divisions, potentially eventually including its emerging business in medicines that have lost patent protection.
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