Comments on: Pfizer Names R&D Chief, Creates Biotech Ctr http://www.pharmalot.com/2007/10/pfizer-names-rd-chief-creates-biotech-ctr/ News, Comment and Conversation Fri, 10 Feb 2012 21:18:04 +0000 http://wordpress.org/?v=2.6.2 By: Dr. No http://www.pharmalot.com/2007/10/pfizer-names-rd-chief-creates-biotech-ctr/#comment-21255 Dr. No Thu, 04 Oct 2007 19:50:44 +0000 http://www.pharmalot.com/2007/10/pfizer-names-rd-chief-creates-biotech-ctr/#comment-21255 I was wondering where Corey Goodman would show up after he sold the more or less lingering Renovis (after a second major blow-up) to Evotec. Exelixis, which he co-founded with Scangos and others, is doing quite well though. What is though really surprising, is that Pfizer re-committs to the Bay Area. They had the Sugen operation (from the Pharmacia acquisition) but decided to vacate the entire Bay Area and move everything to San Diego, which was suggested to be more Big Pharma friendly, and where they now are the largest biotech employer, having a center of excellence in biotech R&D. The beautiful Sugen ops went for a dollar to Exelixis. Ooops, now we are comming back to the Bay Area and what again happens to San Diego, did I miss the rationale of rationalization. But maybe it is because real estate is really hot now in the Bay Area - sell low, buy high. True also for Pharma BD. I was wondering where Corey Goodman would show up after he sold the more or less lingering Renovis (after a second major blow-up) to Evotec. Exelixis, which he co-founded with Scangos and others, is doing quite well though.

What is though really surprising, is that Pfizer re-committs to the Bay Area. They had the Sugen operation (from the Pharmacia acquisition) but decided to vacate the entire Bay Area and move everything to San Diego, which was suggested to be more Big Pharma friendly, and where they now are the largest biotech employer, having a center of excellence in biotech R&D. The beautiful Sugen ops went for a dollar to Exelixis.

Ooops, now we are comming back to the Bay Area and what again happens to San Diego, did I miss the rationale of rationalization. But maybe it is because real estate is really hot now in the Bay Area - sell low, buy high. True also for Pharma BD.

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