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GlaxoSmithKline leases Upper Merion, Pa., manufacturing site to Pfizer.
Publication: The Philadelphia Inquirer (Philadelphia, Pennsylvania) (via Knight-Ridder/Tribune Business News) Publication Date: 19-JUL-05 Author: Ginsberg, Thomas
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COPYRIGHT 2005 The Philadelphia Inquirer
Byline: Thomas Ginsberg
Jul. 19--Pfizer Inc. will take over a manufacturing site in Upper Merion from GlaxoSmithKline P.L.C. while production there is phased out, possibly in three years, both companies said yesterday.
The lease agreement avoids next year's scheduled closure and layoff of 230 employees, most of whom work on animal-health products. Pfizer agreed to provide GlaxoSmithKline employees "comparable benefits" for at least three years but gave no other...
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