Seeking Alpha
About this author:

A reader who's (unfortunately) in a position to know the details sends along some numbers on Pfizer's (PFE) chemistry shakeout. According to his figures, Pfizer (pre-Wyeth merger) had about 900 chemists. The Wyeth deal brought in about 350, but no one expected the merged department to stay at 1250 - instead, the guess was that the new chemistry staff would be in the 1000 range, which is what I would have guessed, too.

But the chemistry head count is now apparently headed to about 850: smaller than it was before the merger. I have to assume that outsourced chemistry isn't included in this total, and that that's where the deficit is being made up. It is being made up, right? Pfizer isn't actually trying to become a bigger company with a smaller research staff - right? Posters and coffee mugs about working smarter and doing more with less can only take you so far, you know.

As I say, these are numbers from the inside, and I'll be glad to listen to (and post) corrections to them. But from what I'm hearing, this is accurate - and no one (especially at Wyeth) saw this coming on as hard as it has...

Print this article with comments

This article has 2 comments:

  •  
    It could be, as you say, an increase in slogans with the same crew. I once worked for a fortune 500 company which, when the company got in trouble because of the economy, competition, poor sales etc. just came up with a new slogan. Nothing changed in the factory, just a new slogan to fool the public.
    Nov 12 09:28 AM | Link | Reply
  •  
    interesting, but not too surprising. the quality of research at big pharma has been declining for some time. the current process is that developments from university labs are initially commercialized in small startups, and work their way up the chain with licensing and buyouts. that actually works fine, so long as NIH is well funded and investor $ are available for startups.
    Nov 12 08:44 PM | Link | Reply