Pfizer to ax 1,100 R&D jobs in eastern Connecticut

Feb 01, 2011

(AP) -- Pfizer Inc. says it will lay off more than 1,000 employees at its Groton research and development site as the drug giant cuts costs.

Spokesman Mackay Jimeson (JIM'-eh-sin) said Pfizer's announcement Tuesday was part of its strategy to focus on neuroscience, oncology and other areas and to boost productivity. Research and development costs will be cut by up to $2 billion by 2012.

The Groton work force of 4,500 will be cut to about 3,400 in the next 18 months. Jimeson says it will still be Pfizer's largest research and development site.

Jimeson also confirmed that will quit a center in southern England in the next 18 months to two years.

Explore further: ALS Ice Bucket Challenge arrives in North Korea

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Pfizer drug found with serious side effect

Nov 01, 2006

U.S. pharmaceutical company Pfizer Inc. says clinical trials of its heart medication torcetrapib suggest the drug has a potentially serious side effect.

FDA approves larger dose of Pfizer's Aricept

Jul 25, 2010

(AP) -- Drugmakers Eisai Inc. and Pfizer Inc. said on Saturday that government regulators have given them permission to make a larger dose of its Alzheimer's disease drug Aricept for patients who have already been taking ...

Free Lipitor, Viagra, other drugs for jobless

May 14, 2009

(AP) -- Pfizer Inc. is unveiling a new program Thursday that will let people who have lost their jobs and health insurance keep taking some widely prescribed Pfizer medications - including Lipitor and Viagra ...

NIH scientist is under investigation

Jun 13, 2006

A U.S. House committee is reportedly investigating whether a senior government scientist improperly gave information to a pharmaceutical firm.

Recommended for you

ALS Ice Bucket Challenge arrives in North Korea

Aug 31, 2014

It's pretty hard to find a novel way to do the ALS Ice Bucket Challenge by now, but two-time Grammy-winning rapper Pras Michel, a founding member of the Fugees, has done it—getting his dousing in the center ...

Cold cash just keeps washing in from ALS challenge

Aug 28, 2014

In the couple of hours it took an official from the ALS Association to return a reporter's call for comment, the group's ubiquitous "ice bucket challenge" had brought in a few million more dollars.

Medtronic spends $350M on another European deal

Aug 27, 2014

U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a ...

User comments : 0