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Pfizer-Pharmacia fallout could be Rx for small firms.(laid-off scientists could fill slots at smaller new companies)(Brief Article)
Crain's Detroit Business, July, 2002 by Bailey, Laura
Historically, mergers of big pharmaceutical companies in Michigan have given life to small biotechnology companies when disgruntled or laid-off scientists left. Experts say Pfizer Inc.'s acquisition of Pharmacia Corp. is likely no exception. The human fallout from the proposed merger's cost- and job-cutting likely will help fill the dearth of professional and business talent needed to steer the products of small new companies through commercialization, said Jan Gensheimer, executive director of the Ann Arbor-based industry group MichBio.
``They have pharmaceutical experience; they know how it works,'' she said of the scientists and executives who could leave the two companies in the wake of the acquisition. ``Many scientists don't know how to bring a product...
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