Exclusive: Pfizer explores sale of hospital drugs unit, sources say
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Pfizer is considering selling its hospital drugs unit to divest non-core assets, influenced by pressure from activist investor Starboard Value.
November 12, 2024 | 3:00 pm
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Pfizer is exploring the sale of its hospital drugs unit, influenced by pressure from activist investor Starboard Value, as part of a strategy to divest non-core assets.
The potential sale of the hospital drugs unit indicates Pfizer's strategic shift to focus on core assets, which could be seen positively by investors. The involvement of activist investor Starboard Value adds pressure for this divestment, potentially leading to a favorable market reaction.
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