Company News: Pfizer and Washington University
Pfizer will shutter eight manufacturing plants in Ireland, Puerto Rico and the US by the end of 2015 as part of a realignment of its global manufacturing operations. In addition, the company will reduce operations at six other plants in Germany, Ireland, Puerto Rico, the UK and the US. The changes will mean the elimination of 6,000 jobs over the next several years.
Pfizer also announced a partnership with Washington University in St. Louis. The company will give Washington University researchers “unprecedented access” to information about 500 of its products and will donate $22.5 million to the university's medical school in hopes of speeding research into new uses for those products.