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Pfizer Axes Staff And Five Pre-Clinical Biosimilars To Fund Late-Stage Innovative Programs

 
• By Dean Rudge

With an eye on moving to market its broad pipeline of innovative brands, Pfizer has cut development of five early-stage biosimilar assets, in a decision that will affect 150 staff. The move is not reflective of Pfizer's overall commitment to biosimilars, the US-based company maintains.

AxeWood
Pfizer has taken the axe to five pre-clinical biosimilars, in order to better fund innovative programs • Source: Shutterstock

Pfizer has shelved development of five pre-clinical biosimilars following a review, concluding that the research and development dollars will be better spent on the company’s pipeline of late-stage innovative programs.

The decision will impact approximately 150 jobs, a company spokesperson told

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