Posts Tagged ‘biotech’

Pfizer in Boston

Thursday, June 9th, 2011

The giant pharmaceutical company Pfizer already has partnerships with academic medical centers in San Francisco and New York City. Now they’re adding Boston. According to a press release, the company will house its Center for Therapeutic Innovation in the Longwood area and invest $100 million over five years to bring basic science discoveries to clinical applications.

The semi-autonomous center will be headed by a Pfizer scientist but draw postdocs from academic medical centers. A brochure describes that faculty from academic medical centers will be involved on a steering committee that helps decide projects and monitors conflicts of interest. Important to note in light of a recent U.S. Supreme Court decision involving a Stanford biomedical researcher, Pfizer retains first right to license any clinical probes that come out of the research.