Sunday, September 4, 2011

Pfizer signs deal with MIT

Pfizer Inc. (PFE) Signs Lease with Massachusetts Institute of Technology (MIT) for Research Space; 400 R&D Jobs to be Created

Giant drug maker Pfizer Inc. said it has signed a 10-year lease with the Massachusetts Institute of Technology to locate several research units in the Kendall Square neighborhood of Cambridge. Pfizer is now looking to bring 400 new research jobs to Cambridge, up from an earlier estimate of 350. Plans call for the company to relocate research units specializing in neuroscience and in cardiovascular, metabolic, and endocrine diseases to a new building under development at 610 Main St. South. The lease with MIT is for more than 180,000 square feet of space. Construction on that building is scheduled to be completed by the end of 2013.

Read more here.

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