Pfizer inks deal to bring Advil and Excedrin under one roof

Two pharmaceutical giants have agreed to combine their consumer health-care units to create a new company. New York-based Pfizer Inc. confirmed Wednesday that it has teamed up with GlaxoSmithKline PLC to create "a premier global consumer healthcare company" that owns both companies' over-the-counter medicines and other drug store items. The two companies were in talks earlier this year, but discussion s stalled. Now the boards of directors of both companies have unanimously approved the transaction,…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news