SOURCE: Industrial Info Resources

Industrial Info Resources

December 11, 2012 06:30 ET

Repurposing Big Pharma's Castoffs: Protein Sciences Takes Slice of Pfizer's Pearl River Plant, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Dec 11, 2012) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Over the past few years, plant closures throughout the pharmaceutical-biotech industry became so common that news of another barely spurred interest beyond those immediately affected. Despite the regularity of these closings, some perceived that a few of the sites, the "mega sites," were somehow sacrosanct. Despite evidence to the contrary, Pfizer's (NYSE:PFE) (New York, New York) 2010 decision to severely trim operations at its 550-acre, 2.5 million-square-foot Pearl River campus was met with almost a state of disbelief for locals. But a ray of light for the site came with Protein Sciences Corporation's decision to sign a five-year lease for two manufacturing buildings, for a total of 83,000 square feet of space.

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