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As Drug Industry Struggles, Chemists Face Layoff Wave

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The 177 acre campus in Ann Arbor, Michigan, that is the Pfizer Research labs is closed, sealed off and silent, an empty place, now that Pfizer has decided to close the labs for good. Lipitor was invented here by a group of researchers who had their foundation in chemistry. One of them was a Yugoslavian immigrant to the UK who moved here, Dr Sliskovic to join Warner Lambert. Pfizer acquired Warner Lambert in 2000, now 7 years later the Labs are closed as chemist based research has not produced much in results.For years chemists at these labs have labored without finding a new drug. The success of Lipitor has sustained this research generating $13 billion a year. But now Pfizer is looking to outsource some of the chemist based work to places like India. Some of the research money will go to biotech research which now looks more promising and research will be handled from it Coonecticut based research offices. The whole field of chemistry based resarch for pharmaceuticals is changing and is not what it once was and chemists are looking for jobs in other fields.

Pfizer restructuring.

07/31/2006

Grouped Articles

Pfizer to Pursue Bid for AstraZeneca

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In Drug Mergers, There's One Sure Bet: The Layoffs

Wall Street Journal 04/30/2014

Pfizer Outlines Post-Wyeth R&D Structure

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Pfizer's New Chief Faces Several Challenges

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As Drug Industry Struggles, Chemists Face Layoff Wave

Wall Street Journal 12/11/2007

Can Pfizer Deliver a New Prescription?

Wall Street Journal 03/04/2008

Pfizer acquisition of Wyeth.

12/11/2007

Grouped Articles

For Drug Deals, Small Is Beautiful

Wall Street Journal 03/12/2009

As Drug Industry Struggles, Chemists Face Layoff Wave

Wall Street Journal 12/11/2007

Pfizer in Talks to Buy Wyeth

Wall Street Journal 01/23/2009

Pfizer Agrees to Pay $68 Billion for Rival Wyeth

New York Times 01/26/2009

Pfizer to Pay $68 Billion for Wyeth

Wall Street Journal 01/26/2009

In Wyeth, Pfizer Sees a Drug Pipeline

New York Times 01/27/2009


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