3M exploring US$1b sale of drug delivery systems unit

The Business Times | Dec 7, 2019 at 12:00 AM
  • The unit had US$300 million in sales in the nine months ended Sept 30, a decline of about 11 per cent from a year earlier.
  • The potential sale of the drug delivery systems unit comes even as healthcare proves to be a bright spot for the company.
  • 3M’s shares fell 1.7 per cent to US$164.37 on Thursday, giving the company a market value of about US$94.5 billion.