Month: February 2013
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Pfizer Spins Off Animal Health Unit, Raises $2.2B in IPO
The pharmaceutical company Pfizer Inc. in New York created a new enterprise, Zoetis, from its former animal health division. The new company raised $2.2 billion in its initial public offering, and will trade on the New York Stock exchange under the symbol ZTS. Zoetis, based in Madison, New Jersey, discovers and develops veterinary vaccines and…