bloyal (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} bloyal) wrote,@ 2006-06-26 09:00:00 |
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It looks like J&J won the bidding for the consumer products division of Pfizer, at least according to the NY Times. Pfizer has been looking to sell the unit, which makes popular household drugs like Rolaids, Benadryl, and Rogaine, for about a year to focus more on its extremely profitable perscription drug division (Lipitor alone earned over $12.2 Billion in 2005!). The consumer unit makes up 4 percent of the company's profits, according to the article.
