Fierce Pharma March 4, 2024
When Pfizer completed its $43 billion buyout of Seagen in December, CEO Albert Bourla said that the New York pharma giant was not just gaining the Seattle biotech’s “golden eggs,” but instead was “acquiring the goose that laid the golden eggs.”
Less than three months later, it’s clear that the goose did not include Seagen’s ambitious manufacturing facility under construction, 13 miles north of its current headquarters.
Pfizer has confirmed a report over the weekend from the Puget Sound Business Journal that it is shutting down construction of the 270,000-square-foot facility in a business park in Everett.
Seagen had embarked on the manufacturing project to reduce its reliance on contract manufacturers for supplies of its commercial and clinical products in...
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