Saved by the spinoff. Pfizer is looking to set up its Japanese R&D operation, previously slated for shutdown, as an independent company--with the help of a few investors, of course. The company may retain an equity stake in the lab, which focuses on developing pain relievers and digestive remedies.
Apparently Pfizer's close involvement in the spun-off lab is a sticking point with the potential investors--some want it, and some think the lab would be better off if it's more independent.
- read this piece from CNNMoney
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