U.S. drugmaker Pfizer said on Wednesday it would reorganize its business into three units and one of them would include a new hospital business segment.
The three units are biosimilars and hospital business, branded and generic medicines and consumer health care, the company said.
The changes would be effective beginning fiscal 2019.
“Pfizer shares the President’s concern for patients and commitment to providing affordable access to the medicines they need,” Pfizer CEO Ian Read said in a statement.
—CNBC contributed to this report.