Procter & Gamble May Be Looking Soon to Take Bids to Sell pharmaceutical unit

Victor
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Everyone is probably more familiar with their products we buy at the grocery store with their consumer line of Head and Shoulders and Gillette , but they do also have a pharmaceutical division.  They also have a patient assist program and more information can be found here on getting help for free drugs if you qualify. 

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Here are a few of the Proctor and Gamble drugs: 

Actonel® (risedronate sodium tablets)
Actonel® with Calcium (risedronate sodium tablets with calcium carbonate)
Asacol® (mesalamine delayed release tablets)
Didronel® (etidronate disodium tablets)
Macrobid® (nitrofurantoin monohydrate/macrocrystals capsules)
Macrodantin® (nitrofurantoin macrocrystals capsules)

In a related story, P and G is also working to harness the power of bloggers, I like that idea.  The sources report bids will be around 3 billion or so to take over the pharmaceutical division of the company.  BD

Procter & Gamble is nearing a possible sale of its prescription-drug business, according to people familiar with the matter, The Wall Street Journal reported Tuesday. The sources said several parties, including Warner Chilcott and private-equity firm Cerberus Capital Management, are engaged in later-stage discussions for the unit, which could obtain bids of around $3 billion. image

Taking over the division would be expected to triple Warner Chilcott's revenue and give it access to drugs that focus on a wide range of women's health concerns, the article suggested. The unnamed sources also remarked that Cerberus, which has reportedly arranged preliminary financing, proposes acquiring the division and turning it into a stand-alone company. According to the people familiar with the talks, Procter & Gamble will likely concentrate on one bidder sometime in August, and a deal could be reached by the end of summer.

Report: Procter & Gamble nearing potential sale of pharmaceutical unit - FirstWord

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