Bloomberg: Pfizer mulling sale of several drugs for up to $2B

New York City-based Pfizer is considering the sale of several cardiology, urology and primary care treatments, a source told Bloomberg.

Here are four things to know.

1. Pfizer is working with financial advisors at JPMorgan Chase & Co., although the divestiture is still in a preliminary stage, the source said.

2. The drugs produce sales of more than $700 million and are valued at more than $2 billion, according to the report. About 40 percent of the sales occur in the U.S. and 45 percent occur in Europe.

3. Pfizer prefers to divest the medications through a single deal, as opposed to selling off each drug individually, reports Bloomberg.

4. Representatives from Pfizer and JPMorgan declined Bloomberg's request for comment.

 

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