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tracer1138

Pfizer to Close Ann Arbor Campus

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When I heard this, I couldn't believe it. This is a HUGE blow to these two regions, and particularly Kazoo. That they didn't just cut some jobs and decided to move the close the whole operation says a lot. If anything happened, though, I'm sure it was Pfizer trying to extort the state. lol But, it's probably more likely that Pfizer just isn't doing so well, right now.

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Gah!!! That'll be really bad for Ann Arbor and the State of Michigan.

Maybe I should see if we have some large research facilities for lease here in northwest Chicagoland. :D

Good luck to those who get their jobs cut.

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Ouch, that's going to be a lot of vacant office space up there on Plymouth road.

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Pfizer would not get far if they were asking for tax breaks. I read an article this weekend, and the future looks pretty bleak there:

- Lipitor, their best-seller, runs its patent out in 2010 (about $12 Billion/year in revenue lost)

- Other patent expirations will decrease revenue by $14 Billion in 2008

- Scrapped development of Torceptrapib, the replacement for Lipitor, due to patient deaths

- Lost Zoloft patent last year

- Only has 3 drugs in development now that analysts expect to reach a combined revenue of $1 Billion.

Their only hope is acquisitions. Just plain sucks.

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Wow, this is really tough. One step forward with Google's 1,000 jobs, and two-steps back with this loss of 2,000. I wonder when the bleeding will ever stop...

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Well, I knew Pfizer wasn't doing too well with their future outlook. I had heard that it was possible their Ann Arbor campus would at some time be in jeopardy, but I didn't expect it so soon. I thought it would be a more gradual closing down for a period of 5 to 7 years. But with all the recent construction on their campus, it was hard to imagine this kind of sudden announcement.

I drove past it all today and was thinking, damn.. that's just a TON of laboratory and office space. I doubt the university would ever have much use of it.

Is it bad to think ahead right now? Should Pfizer demolish the entire campus after they leave and sell off the land?

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With the space being so new, I don't think tearing it down would be a good idea, rather trying to attract the same type of use back to the area, perhaps, in smaller doses. This is still prime high-tech space.

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Future of Pfizer plant could be good or bad

Interesting article on what Skokie, Ill did after Pfizer shut down their operations there. Im surprised that Pfizer spent $76M on the facilities in AA alone in 2006. Hopefully this can be reused/adapted for high tech/medical sciences/etc.

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where is this Michiganless company exactly located in Ann Arbor.

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This is probably a silly question, but was there any conceivable way A2/Michigan could have convinced Pfizer to stay? A million to help workers is great, but it's not the same as 2,100 jobs...

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This is probably a silly question, but was there any conceivable way A2/Michigan could have convinced Pfizer to stay? A million to help workers is great, but it's not the same as 2,100 jobs...

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From what I hear, highly unlikely. Pfizer isn't doing so well right now and they want to consolidate research and development in their Gronton, Connecticut location. So unless the state were somehow able to convince them to move their entire reasearch component here, we were going to lose out. So in short, it has less to do with us than it has to do with them.

HAPPY 100 POSTS TO ME!!!

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