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Report: Pfizer to launch consumer health sale

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Pfizer plans to auction off its consumer health care business in November, sources familiar with the matter told Reuters.

The unit is expected to fetch as much as $15 billion. It produces headaches pills, lip balm and other products.

GlaxoSmithKline and Reckitt Benckiser, among other global companies, have expressed interest in bidding, according to Reuters.

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