24-Aug-2009 www.cosmeticsdesign.com

Procter & Gamble has found a buyer for its prescription drug unit allowing it to concentrate on its consumer goods business.

Ireland-based company Warner Chilcott is planning on buying the unit for $3.1bn in a deal which also includes P&G’s drug pipeline and the plants in Peurto Rico and Germany.

via P&G finds buyer for pharma business to concentrate on OTC and personal care.