Pfizer Announces $100-Million Research Collaboration With Academic Scientists

Pfizer Inc., the giant drug company, said today it would spend $100-million over the next five years on a research collaboration with eight leading universities and research institutions in Massachusetts, including Boston, Harvard, and Tufts Universities and the University of Massachusetts Medical School. According to a Pfizer news release, the work toward discovering and developing new drugs, which will occupy its own laboratory space, complements existing Pfizer research partnerships in California and New York. In the labs, Pfizer scientists team up with the outside researchers.