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Generic Drugs: What’s Next for Viatris?

Caguas buying MDMA pills

Drugmaker Pfizer Inc will cut 6, jobs, or 18 percent of its workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year's purchase of smaller rival Wyeth. The world's biggest drugmaker plans to cease operations at eight plants in Ireland, Puerto Rico and the United States by late and reduce activities at six factories in those countries, plus Germany and Britain. Pfizer had 40 manufacturing sites before buying more than three dozen Wyeth facilities in the October acquisition. The affected plants make conventional pills, injectable medicines, biotech drugs and consumer healthcare products. Pfizer will wind down their operations over the next 18 months to five years, depending on business considerations such as the time required to transfer product manufacturing. The company said in November it would close six research sites and trim jobs in the United States and Britain as part of its absorption of Wyeth. It then began a six-month study of how to reconfigure its manufacturing sites. Pfizer can be more competitive, both in its operations and drug pricing, by streamlining its plants and improving their processes, Ricciardi said. Half of the plants slated for ceased operations are legacy Pfizer sites, the company said. One of the biggest incentives for companies to merge is the ability to cut overlapping operations and employees. Prescription drug sites The 14 plants slated to cease or cut back operations are among Pfizer's 40 main sites for making prescription drugs. By June, the company plans to make recommendations for facilities that make animal-health products and later this year will evaluate those that make drugs in emerging markets or nutritional products. Although affected employees will have as long as five years to look for other jobs, Ricciardi predicted relatively few of the workforce cuts would come from attrition, given the attractiveness and good pay of the positions. Pfizer plans to discontinue operations over the next 18 months to five years at three sites that make tablets and capsules: Caguas, Puerto Rico; Loughbeg, Ireland and Rouses Point, New York. Another such facility will be phased out at Guayama, Puerto Rico, although it will expand its consumer healthcare operations. The company expects to reduce the size of two others, in Illertissen, Germany and Newbridge, Ireland. Two plants that make sterile injectable drugs -- in Dublin, Ireland, and Carolina, Puerto Rico -- are also ending operations. IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content. NBC News Logo. Search Search. Profile My News Sign Out. Sign In Create your free profile. Sections U. Follow NBC News. Latest Stories Election Politics U. By Ransdell Pierson. Ransdell Pierson.

Caguas buying MDMA pills