Pfizer Inc.'s Baby Formula Sale is One of Six Events That Will Set the Mood for Pharma Stocks

Published: Apr 18, 2012

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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