Business Update

Pfizer Pharmaceutical plant equipment to be sold at public auction

Published in Health Business Week, December 8th, 2006

Pfizer has ceased operation of its Augusta, GA facility. All equipment from the factory is being liquidated and will be sold at a public auction starting in January 2007.

Pfizer spent around $85.7 million in capital improvements over the past five years at the Augusta facility. In the last year alone, new equipment and capital improvement costs for the plant were around $25-50 million.

The facility has complete Active Product Ingredient (API) production equipment, with a reactor capacity of 29,000 gallons. Much of the equipment in the plant is brand new and was never turned on or certified.

The new real estate owners, Coastal...

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Source: Health Business Week (2006-12-08)

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