SOURCE: Industrial Info Resources

Industrial Info Resources

June 30, 2011 06:15 ET

Pharmaceutical-Biotech Plant Closures Signal Strategy Changes, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 30, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Over the past two years, the Pharma-Biotech Industry has certainly not been immune to the fiscal pain of the global economic pinch. Within this segment, there have been thousands of employee layoffs, declining revenues, key patent expirations, increased outsourcing, decreased governmental reimbursement, increased competition, strategic mergers and plant closures. Although the closing of a plant is usually seen as a harbinger of bad things to come, the Pharma-Biotech Industry is simply going through a market and strategy adjustment, and becoming fiscally lean enough to handle the competitive environment with less reimbursement and greater competition.

GlaxoSmithKline (NYSE:GSK) (Brentford, England) is in the process of divesting itself of many of its over-the-counter (OTC) product lines and will be closing and selling plants, while Pfizer Incorporated (NYSE:PFE) (New York, New York), with the acquisition of Wyeth, is cutting 6,000 jobs.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

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