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Business
Pfizer Abandons New R&D Site
by Lisa M. Jarvis
July 13, 2009
| A version of this story appeared in
Volume 87, Issue 28
Pfizer has jettisoned plans to move roughly 100 employees into a new R&D space in San Francisco's Mission Bay area. The plan to locate the global headquarters of its Biotherapeutics & Bioinnovation Center (BBC) was announced last August in a groundbreaking ceremony that included San Francisco Mayor Gavin Newsom, biotech consultant G. Steven Burrill, and BBC President Corey Goodman. In subsequent months, Pfizer acquired Wyeth, which has a substantial biotherapeutics presence, and Goodman left the company.
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