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Its drugs unit has better prospects, but the company isn't a pharmaceutical powerhouse.
Merck said last month that it had started contacting companies that might be interested in acquiring its generics drugs unit.
Baycol, once the mainstay of a drugs unit that Bayer is trying to spin off, was withdrawn in August 2001 after dozens of deaths worldwide.
And last year Abbott, an American health-care group, won an auction for Piramal's Indian drugs unit, which came with manufacturing facilities and a local sales force.
Abbott completed its $6.2 billion deal for the Solvay drugs unit in February, giving Abbott full control of its Belgian partner's cholesterol treatments and further involvement in emerging markets.
It is not, but a survey by the UN's drugs unit has confirmed that there has been a very substantial reduction in opium production, bringing it to about a quarter of its level in 1998.
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Novartis will also sell its animal-drugs unit to Eli Lilly, for $5.4 billion—making Lilly the world's second-largest seller of animal medicines.
Haiti (see article) is the extreme case: the civil service is in chaos, and the police anti-drugs unit has just 24 staff (in a country of 7.8m people).
Mr. Schneider said today that an outright sale of the drug unit had been ruled out.
Some analysts have suggested that Mr. Wenning clashed with Dr. Ebsworth over the drug unit's direction.
The settlement comes as DuPont prepares to sell its drug unit to the Bristol-Myers Squibb Company for $7.8 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com