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Pfizer to close three nearby branches of Wyeth Pharmaceuticals

(Note: The North Countryman is currently following this story and bringing you the most up-to-date information as it becomes available.)

NEW YORK - Pfizer Inc. today announced its global research and development network, marking an important step in implementing a new research and development model as part of the integration of Pfizer and Wyeth Phamraceuticals. This global network brings together scientific strengths from both companies, continues efforts to increase research productivity, focuses disease-area research in single locations and more efficiently uses the company's real estate.

Pfizer will have five main research sites that will serve as central hubs for research activities in BioTherapeutics, PharmaTherapeutics and Vaccines. These sites are: Cambridge, Mass.; Groton, Conn.; Pearl River, NY; La Jolla, Calif.; and Sandwich, U.K. These research-oriented laboratories will be supplemented by specialized research capabilities, such as monoclonal antibody discovery in San Francisco, regenerative medicine work in Cambridge, U.K., and research and developmentactivities in Shanghai, China.

"By focusing our R&D operations in these centers, we are building the world's premier biopharmaceutical R&D enterprise," said Mikael Dolsten, president of BioTherapeutics Research & Development. "This new structure puts Pfizer in the best position to conduct cutting-edge research within and beyond our own laboratories and to deliver a portfolio of high-impact medicines to patients."

As part of the consolidation of research sites, Pfizer will significantly reduce R&D activities at some of its sites. The company will move a number of functions from Collegeville, Pa.;Pearl River, NY; and St. Louis to other locations and will discontinue R&D operations in Princeton, N.J.; Chazy, RousesPoint and Plattsburgh, NY; Sanford and Research Triangle Park, NC; and Gosport, Slough/Taplow, U.K. In addition, Pfizer will consolidate R&D functions from its New London, Conn., site to its nearby research facility in Groton, Conn.

As a result of these changes, Pfizer will reduce its global R&D square footage by 35 percent. R&D activities will now be conducted at five main sites and nine specialized units around the world as compared with 20 R&D sites upon closing the acquisition of Wyeth Oct. 16.

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