Pfizer receives token payment to exit Brazil venture, sources say

July 4, 2017 by  
Filed under News

SAO PAULO (Reuters) – Pfizer Inc has agreed to exit Laboratório Teuto Brasileiro SA for a token amount after failing to find a buyer for the 40 percent stake it held in the Brazilian generic drugmaking joint venture, two people with knowledge of the matter said on Tuesday.

Source: Reuters Business News

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