The famous company Hospira is now quite a bit of a sensation. Last year, Pfizer acquired Hospira for $15 billion. However, just as the dust had just settled, there was news that Pfizer was considering selling Hospira's pump and equipment business. If this news becomes a reality, it almost means that Hospira will become history.
It is understood that companies including Smiths Group and Fresenius have already extended their olive branches to Pfizer, hoping to acquire the department. However, Pfizer’s deadline for this transaction is set at the end of May this year. According to the company's forecast, the company is expected to receive more than $2 billion in revenue through the sale of this division.
Hospira's nightmare began in 2013, when the company decided to replace the old product with the new Sapphire pump in May. However, the FDA issued a ban to the company's infusion pump factory. Although in 2014 the company finally persuaded the FDA to lift the ban. However, the FDA was still in the cybersecurity issue in August of that year and recommended that the hospital stop using the Symbiq infusion system, another product developed by the company. These news are undoubtedly a huge blow to it.
In fact, this is not the first time the company has been pressured by the FDA due to product safety issues. However, this is the first time the FDA has recommended that a hospital replace a product because of cybersecurity issues. Under pressure, Hospira subsequently stopped selling the Symbiq system.
After Pfizer acquired Hospira in 2015, it strengthened its biosimilar pipeline. The company believes that obtaining patents for such drugs will help Pfizer to be in a better position. In the past, Pfizer lost a lot of revenue due to the loss of many patent protection rights. Pfizer's biosimilars division will strengthen Pfizer's financial benefits.
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