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Bristol-Myers in Talks to Sell Consumer Medicines Unit

By Jan 06, 2005

Bristol-Myers Squibb is in talks to sell its consumer over-the-counter drug line, which includes Excedrin and Bufferin, according to news reports.

The company hopes to sell off non-core consumer products to focus on drugs to teat and prevent disease, The New York Times reported yesterday. The sale could fetch as much as $1billion, the paper said.

The deal could happen fast, with GlaxoSmithKline and some private equity firms reported to be interested.

The sale would also include the brands Comtrex, a cold medicine, and Keri lotions.