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Pfizer to Reduce Research Operations

After successfully closing a merger with Wyeth last month, pharmaceutical colossus Pfizer (PFE) announced plans to close six of its research locations in an effort to consolidate the newly-expanded company’s research operations. Full Article at FOX Business

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  1. 10 November 2009 Just shy of a month since the closing of the $68 billion acquisition of Wyeth, Pfizer has announced a major restructuring of its research operations which will see the closure of six facilities. Full Article at PharmaTimes

  2. Pfizer Inc. , which bought rival Wyeth last month, said yesterday that it would move "a number of functions" from Wyeth's Collegeville, Montgomery County, location as Pfizer consolidated research and development at five "hub" sites. Full Article at Philadelphia Inquirer

  3. Nov. 9 (Bloomberg) -- Pfizer Inc. , the world’s biggest drugmaker, plans to shutter six research centers, following its acquisition of Wyeth. Full Article at Bloomberg.com

  4. RESEARCH TRIANGLE PARK, N.C. — Pfizer (NYSE: PFE), the world's biggest drugmaker, is closing two research and development operations in North Carolina and four others among 20 in the company, reorganizing and consolidating others, and cutting the jobs... Full Article at WRAL

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  1. LONDON, ENGLAND - NOVEMBER 23:  Jeffrey B Kindler, the Chairman and CEO of Pfizer, delivers a speech to the CBI annual conference at the Park Lane Hilton hotel on November 23, 2009 in London, England.
  2. FILE - In this Jan. 25, 2009 file photo, the company logo for drugmaker Pfizer Inc. , is shown. Pfizer Inc. posts a higher third-quarter profit Tuesday, Oct. 20, 2009,despite the recession, as sharp cost cuts make up for slightly lower sales.
  3. WASHINGTON - SEPTEMBER 02:  Associate Attorney General Tom Perrilli (C) takes questions from the news media after announcing that pharmaceutical giant Pfizer will pay a record $2.3 billion settlement for illegal drug promotion with (L-R) Health and Human Services Inspector General Dan Levinson, F...
  4. NEW YORK - AUGUST 06:  Former US President Bill Clinton speaks at a news conference at the headquarters of the Clinton Foundation concerning a recent new initiative to treat AIDS patients in developing countries August 6, 2009 in New York City.
  5. NEW YORK - NOVEMBER 02:  Wyeth CEO Bernard Poussot attends the French Institute Alliance Francaise Annual Gala at The Plaza Hotel on November 2, 2009 in New York City.
  6. NEW YORK - OCTOBER 29:  Designer Patrick Robinson and is wife Virginia Smith, fashion market and accessories director of Vogue and their son, Wyeth attend Launch of Stella McCartney Collection for GapKids at Little Red Schoolhouse on October 29, 2009 in New York City.

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