date:Jun 11, 2012
Pfizer said the new company will be called Zoetis, which is derived from zoetic, meaning pertaining to life.
Pfizer announced the spin-off amid speculation about a possible sale of company's animal health business, which analysts estimated between $15-20 billion.
Pfizer Animal Health is a dynamic business with strong fundamentals, an expanding and loyal direct customer base and a proven management team, said Ian Read, chairman and chief executive officer, Pfizer. We are on track to create a st