Pfizer is looking to make a significant acquisition to boost its earnings and raise the value of its Global Established Products, or GEP, unit that is likely to be spun off in 2017, the analyst explained. A tie-up with Pfizer’s Upjohn may be the best option for Mylan. Mylan, whose stock price is down about 30 percent this year, has faced a series of controversies in recent years, including the skyrocketing price of the EpiPen and a continuing federal inquiry into price-fixing in the generic drug industry. The venture will also be less reliant on the generic pills that have been a mainstay of Mylan’s business but that have also become a drag amid falling prices and increasing competition. The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement. Market data provided by Interactive Data. --Curt Wanek, pharmaceuticals analystClick here for the research. Festive pushIt’s that time of year again. Please Subscribe to get access to one of our early bird packs. The merger between Pfizer's Upjohn unit, based in China, and Netherlands-based Mylan will create a new company selling popular products such … Investor Relations: investor.mylan.com. As demand from ... Big Story | How to use candlestick charts to predict stock price. Pfizer will name three. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Pfizer, which had $54 billion in sales in 2018, had previously pondered both industry-shaking megadeals and a potential breakup. The deal could increase Pfizer's total value to $44 per share from $40 currently, the analyst estimated. She drew public outrage in 2016 when it emerged that her compensation had increased even as the price of the EpiPen soared. Mylan has struggled in the face of declining prices for generic drugs, manufacturing issues at a key plant and legal questions about the company’s alleged involvement in a price-fixing conspiracy with other drugmakers. Actavis has agreed to acquire Allergan However, while Pfizer … Mylan, which has agreed to buy part of Abbott Laboratories’ WHAT'S NOTABLE: GlaxoSmithKline (GSK) - Get Report is a "wild card" potential takeover target for Pfizer. Both Pfizer and Mylan have been trying to reshape themselves in the face of a rapidly shifting pharmaceutical market. Two other companies that Pfizer could have acquired - Actavis (ACT) - Get Report and AstraZeneca (AZN) - Get Report - are "off the table," the analyst stated. For Mylan, it provides a management shakeup and significant cash generation. Pfizer Inc plans to combine its off-patent business, which includes Lipitor cholesterol pills and male impotence drug Viagra, with Mylan NV and form …
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