Pfizer acquired this site which made sterile injectibles, when Pfizer acquired Wyeth some years after their 2000 Consent Decree, which effectively bankrupted Wyeth. This location and others had a raft of consultants detailed to the Wyeth sites to get their manufacturing compliance back up to conformance standards (I was one of them).
Pfizer has grabbed distressed firms like Hospira (former Abbott spin off that got in serious manufactruing compliance trouble back in 2011-2012) and Pharmacia-Upjohn over the past decades also. Pfizer bought a real tar baby with Hospira. Now Pfizer is starting to get alot of FDA regualtory complaince attention in the context of having to address repreat manufacturing deficiencies - what brought down Hospira in the first place.
Pharrma companies that are slapped with Consent Decrees often find themselves targets for take-over. e.g., Warner-Chilcott (1995 Consent decree) taken over by Pfizer, Schering-Plough (2003 Consent decree) taken over by Merck, Genzyme (2009 Consent decree) taken over by Sanofi, Ben Venue Labs div of Boehringer Ingelheim (2013 Consent decree) acquired by Hikma . Abbott (2001 Consent decree) and GSK (2006 Consent decree) survived intact but both bled out of big $ (GSK paid $600mil in fines)
Pfizer acquired this site which made sterile injectibles, when Pfizer acquired Wyeth some years after their 2000 Consent Decree, which effectively bankrupted Wyeth. This location and others had a raft of consultants detailed to the Wyeth sites to get their manufacturing compliance back up to conformance standards (I was one of them).
Pfizer has grabbed distressed firms like Hospira (former Abbott spin off that got in serious manufactruing compliance trouble back in 2011-2012) and Pharmacia-Upjohn over the past decades also. Pfizer bought a real tar baby with Hospira. Now Pfizer is starting to get alot of FDA regualtory complaince attention in the context of having to address repreat manufacturing deficiencies - what brought down Hospira in the first place.
Pharrma companies that are slapped with Consent Decrees often find themselves targets for take-over. e.g., Warner-Chilcott (1995 Consent decree) taken over by Pfizer, Schering-Plough (2003 Consent decree) taken over by Merck, Genzyme (2009 Consent decree) taken over by Sanofi, Ben Venue Labs div of Boehringer Ingelheim (2013 Consent decree) acquired by Hikma . Abbott (2001 Consent decree) and GSK (2006 Consent decree) survived intact but both bled out of big $ (GSK paid $600mil in fines)
Interesting info👌