zoetis http://michiganradio.org en Pfizer spinning off animal health division http://michiganradio.org/post/pfizer-spinning-animal-health-division <p>About 750 Pfizer employees in Kalamazoo are going to have a new boss.</p><p>Pfizer announced today it&#39;s <a href="http://www.pfizer.com/news/press_releases/pfizer_press_release.jsp?guid=20120607005648en&amp;source=RSS_2011&amp;page=1">spinning its &ldquo;animal health&rdquo; division off</a> into its own company.</p><p>The new company&rsquo;s name will be Zoetis. An odd, though appropriate name for the company. The Z-O in Zoetis is supposed to stand for ZOO, or zoetic, which means &quot;pertaining to life&quot;.</p><p>Pfizer&rsquo;s animal health division is a major employer in Kalamazoo. Damien Conover expects that will stay the same under the new company. Conover is an analyst with Morningstar Financial.</p><p>&ldquo;There&rsquo;s probably going to be some consolidation with the new business,&rdquo; says Conover,&nbsp; &ldquo;but for the most part I&rsquo;m not anticipating a big shakeup of the business.&rdquo;</p><p>Conover expects Zoetis will be worth more than eleven billion dollars. That would make it the largest stand-alone company focused on animal pharmaceuticals in the world. Thu, 07 Jun 2012 20:18:22 +0000 Steve Carmody 7804 at http://michiganradio.org