Volume 94 Issue 48 | p. 14 | Concentrates
Issue Date: December 5, 2016

Pfizer invests in U.S., eases up in Ireland

Department: Business
Keywords: pharmaceuticals, Pfizer, Ireland, biotherapeutics, expansion

Pfizer is set to invest more than $200 million to build R&D and process development facilities in St. Louis County, Mo. The planned facilities will be used to advance biotherapeutics including vaccines, immuno-oncology therapies, monoclonal antibodies, and biosimilars. Pfizer expects construction to begin in 2017. Meanwhile, Pfizer says it will ease back on expansion plans in Clondalkin, Ireland, following the phase III clinical trial failure of its cholesterol-lowering drug candidate bococizumab, a proprotein convertase subtilisin . . .

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