Pfizer finally makes decision on whether or not it will split into two companies

The rumors have been swirling around Pfizer's future and whether or not it would decide to split its giant status into separate companies.

As of Monday morning, it looks like the company finally reached a decision.

SEE ALSO: Pfizer to buy Medivation in $14 billion deal

Pfizer will remain one company and not pursue a split into multiple smaller companies.

As a company that's now a combination of older, established medical lines and newer pharmaceutical pursuits, it only makes sense that the option of a split was up for discussion.

The decision comes based upon the fact that a split would be of no value to shareholders.

Pfizer CEO Ian Read told the Wall Street Journal:

"We believe that by operating two separate and autonomous units within Pfizer we are already accessing many of the potential benefits of a split—sharper focus, increased accountability, and a greater sense of urgency— while also retaining the operational strength, efficiency and financial flexibility of operating as a single company."

Earlier this year, Pfizer called off a $150M mega-merger with Allergan, a Dublin based global pharmaceutical company, after technicalities with Obamacare would have required the merged company to move to Ireland for cheaper taxes.

Pfizer has made major acquisitions in the past, including Warner-Lambert in 2000 in a nearly $90M.

As of May 2016, Pfizer was valued at $205.7B.

RELATED: 17 health products and services that cost less at Costco

17 health products and services that cost less at Costco
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17 health products and services that cost less at Costco


The U.S. Department of Agriculture reports that organic produce is the top seller in the organic food space. Costco meets the demand with an array of fresh fruit, such as organic strawberries, at budget prices. Two pounds of the sweet, tangy orbs go for $6.99 at Costco compared with $9.98 for two 1-pound boxes at the supermarket.

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Demand for organic food products may be outstripping supply, but Costco is well-stocked with large quantities of organic vegetables and undercuts other retailers on price. Spinach, for example, sells for $4.49 a pound at the membership club and $5.99 at a local market.

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Healthy snacks for easy after-school nibbling include products such as organic Wholly Guacamole and Food Should Taste Good multigrain chips. Costco sells the dip in a 20-pack of 2-ounce cups for $10.99 (27 cents an ounce) compared with a four-pack of 2-ounce cups for $3.48 (43 cents an ounce) at Walmart. The chips come in a 24-ounce bag for $6.99 (29 cents an ounce) at Costco and a 5.5-ounce bag for $3.49 (63 cents an ounce) at the local supermarket.



Skinny Pop Popcorn, another family favorite, contains 150 calories, 3 grams of fiber, and 75 milligrams of sodium in each serving. Costco charges $4.99 for a 14-ounce bag, the equivalent of 35 cents an ounce, while Walmart's $2.83 price on a 4.4-ounce bag comes out to 64 cents an ounce.

Photographer: Daniel Acker/Bloomberg via Getty Images


Gluten-free food is all the rage these days, and Costco is a price leader on Udi's, a well-known brand. The price for a 30-ounce loaf at the warehouse club is $7.59 (25 cents an ounce). The same brand in a 24-ounce size sells for $7.94 (33 cents an ounce) at Walmart.

Photographer: Daniel Acker/Bloomberg via Getty Images


Almond butter is an excellent source of fiber, protein, and unsaturated fatty acids, and a particularly good snack for people with diabetes. Costco, again, takes the lead on low price. A 27-ounce jar of almond butter costs $9.99, or 37 cents an ounce, at the warehouse club. At Walmart, the per-ounce cost is 58 cents for a 12-ounce jar costing $6.98.

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Add a touch of almond butter to pre-sliced organic apples for a healthy grab-and-go snack that will appeal to young and old alike. The apple slices are tagged at $7.99 for eight 4-ounce bags at Costco. Nothing similar was available at either Walmart or the local supermarket.

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In a Consumer Reports study conducted in 2013, secret shoppers called 200 pharmacies, including Costco, inquiring about the cost of commonly prescribed medications without insurance. Costco was the cheapest by far. For example, Costco priced the anti-depressant Lexapro at $7 compared with $126 at CVS.

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More than a quarter of American adults 40 and older take the cholesterol-lowering medications known as statins, according to the Centers for Disease Control and Prevention. Lipitor, a commonly prescribed statin, cost $17 at Costco and $150 at CVS, the Consumer Reports study found.

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Ibuprofen, a common pain reliever and fever reducer, is cheaper at Costco than elsewhere. The cost for Costco's Kirkland Signature brand ibuprofen is $10.49 for 1,000 200 mg capsules. The price for the same quantity and strength of Walmart's house brand Equate is $12.97.

(Photo Illustration by Scott Olson/Getty Images)


Costco offers members living in California, Pennsylvania, and Texas individual and family dental insurance with premiums starting as low as $83.31 a year through a third-party provider. Coverage includes orthodontics, preventive, basic, and major services. Compare this against an average yearly cost of more than $200 for an individual plan, according to the National Association of Dental Plans.

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Costco Optical (not available at all locations) can save members money on contacts, glasses, and prescription sunglasses with a current prescription. Many stores also host independent optometrists who conduct exams. Costco charges $130 for high-definition progressive lenses with anti-reflective coating and UV protection, according to Consumer Reports -- about half off the $255 price at Walmart. That said, Costco faces some stiff competition in this category, particularly for consumers with simpler prescriptions. It's possible to buy a pair of single-lens specs from an eyeglasses website for less than $50.

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Costco typically provides flu shots to members and non-members alike for $14.99, no insurance required. Last year Sam's Club charged the same price, but consumers had to pay $10 more at Target or Walmart and more than twice as much at Rite Aid, CVS, or Walgreens.

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Costco offers a host of free health screenings for conditions such as diabetes and osteoporosis through health clinics at some locations on select days -- quite a bargain considering that the going rate for a bone density test is $125. The schedule can be downloaded from the pharmacy website.

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Costco even throws a bone to the family pet: The warehouse club fills more than 150 commonly prescribed medications for dogs and cats. For example, Temaril-P, prescribed for itching and coughing in dogs, could be a daily medication the animal takes for life. The cost is 77 cents a tablet at Costco and 95 cents at 1-800-PetMeds.

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