Pfizer http://michiganradio.org en Pfizer spinning off animal health division http://michiganradio.org/post/pfizer-spinning-animal-health-division <p>About 750 Pfizer employees in Kalamazoo are going to have a new boss.</p><p>Pfizer announced today it&#39;s <a href="http://www.pfizer.com/news/press_releases/pfizer_press_release.jsp?guid=20120607005648en&amp;source=RSS_2011&amp;page=1">spinning its &ldquo;animal health&rdquo; division off</a> into its own company.</p><p>The new company&rsquo;s name will be Zoetis. An odd, though appropriate name for the company. The Z-O in Zoetis is supposed to stand for ZOO, or zoetic, which means &quot;pertaining to life&quot;.</p><p>Pfizer&rsquo;s animal health division is a major employer in Kalamazoo. Damien Conover expects that will stay the same under the new company. Conover is an analyst with Morningstar Financial.</p><p>&ldquo;There&rsquo;s probably going to be some consolidation with the new business,&rdquo; says Conover,&nbsp; &ldquo;but for the most part I&rsquo;m not anticipating a big shakeup of the business.&rdquo;</p><p>Conover expects Zoetis will be worth more than eleven billion dollars. That would make it the largest stand-alone company focused on animal pharmaceuticals in the world. Thu, 07 Jun 2012 20:18:22 +0000 Steve Carmody 7804 at http://michiganradio.org Pfizer may sell animal health, nutrition units http://michiganradio.org/post/pfizer-may-sell-animal-health-nutrition-units <p>NEW YORK (AP) Pfizer says it may sell its animal health and nutrition business in the next two years so it can focus on expanding its low-cost pharmaceuticals unit.<br /><br /> Pfizer says it will also consider transactions including spinoffs and may pursue different strategies for each business. It said any transactions could take one to two years to complete.<br /><br /> The businesses brought Pfizer Inc. $5.5 billion in revenue in 2010, about 8 percent of its total. The Animal Health unit makes vaccines, medicines, diagnostics and other items to prevent and treat diseases in livestock and pets, and the nutrition unit makes infant and pediatric products.<br /><br /> The New York drugmaker say it will focus on its established products business, which makes drugs that are off-patent or are losing patent protection. Thu, 07 Jul 2011 15:15:35 +0000 The Associated Press 3187 at http://michiganradio.org U of M planning health care policy institute http://michiganradio.org/post/u-m-planning-health-care-policy-institute <p>The University of Michigan has announced that it&#39;s planning a new health care policy institute in the<br />complex that once belonged to drugmaker Pfizer Inc.</p><p>The university said Thursday the Institute for Health Care Policy and Innovation aims to inform and influence public policy and enhance efforts to improve health care services.</p><p>More than 500 researchers eventually could be part of the new institute at the North Campus Research Complex, Pfizer&#39;s former research and development center the Ann Arbor school bought in 2009<br />for $108 million.</p><p>The university says it will launch a national search for an institute director. It expects a $13.7 million renovation project to be completed next spring. Fri, 20 May 2011 15:50:39 +0000 The Associated Press 2588 at http://michiganradio.org U of M opens new business incubator in old Pfizer facility http://michiganradio.org/post/u-m-opens-new-business-incubator-old-pfizer-facility <p>A new type of incubator is open for business at the <a href="http://umich.edu">University of Michigan</a>. It’s called a “<a href="http://marketplace.publicradio.org/display/web/2010/10/06/pm-new-venture-accelerator-coming-soon-to-michigan/">venture accelerator</a>,” and it’s located in the&nbsp; sprawling research complex Pfizer built before it left Michigan a few years ago.</p> Tue, 18 Jan 2011 20:57:17 +0000 Jennifer Guerra 923 at http://michiganradio.org U of M opens new business incubator in old Pfizer facility