Pfizer Separate Divisions to Allow Growth

Pharmaceutical company Pfizer’s decision to separate certain divisions could lead to a larger break up in order for further growth, including in employment, reports forbes.com.

The splitting of the animal health and baby formula businesses from the main company is the beginning of a process to unlock value within the company. Two other sectors will be kept in order to raise their value to $46 billion combined, though investors had hoped the company would split into five distinct divisions.

The two that have broken off were the obvious choices; the animal health business is worth nearly $4 billion so can stand on its own, and the nutrition side is the one that investors were most eager to see separate.

Though some investors may be disappointed that Pfizer hasn’t split all its divisions at once, it means that sectors that could not currently compete on their own have time to grow to the point where they can be world leaders in their own right, potentially creating a large number of jobs worldwide.

Looking for a job in science? Start by clicking here, now

Posted in: Industry News, Mobile News, News
CK Logo in place of featured image