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PGT Healthcare will have $1.3 billion in sales.
November 13, 2012
By: TOM BRANNA
Editor
P&G has a partner in the OTC drug business. European regulators cleared Procter & Gamble and Teva Pharmaceuticals to form a joint venture to sell over-the-counter medicines such as Vicks, Metamucil and Pepto-Bismol. The new JV, PGT Healthcare, will have sales of $1.3 billion and will include Teva’s lines of over-the-counter cold and other medicines, as well as its pharmacy distribution network. The firms think the joint venture could grow sales to about $4 billion a year b...
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