Displaying items tagged: Pfizer Inc

PORTAGE — Pfizer Inc. plans to invest $750 million to expand production capacity in Portage, creating 300 jobs.

Employment in Michigan’s life sciences sector grew by 5.6 percent from 2018 to 2021 to 44,340 jobs, ranking the state among the top 15 in the nation for industry size.

The world’s attention focused on Southwest Michigan in late 2020 as the region began producing the first COVID-19 vaccines.

Here is the MiBiz Growth report for June 20, 2022

PORTAGE — Pfizer Inc. will invest $120 million in Kalamazoo County to increase production of the antiviral medication Paxlovid that’s used to treat COVID-19.

WALKER — A couple of recent strategic acquisitions should further prepare cleanroom designer and builder Angstrom Technology Ltd. for overseas projects as the company continues a private equity-backed string of acquisitions.

Construction projects within Michigan’s pharmaceutical and biotech industry totaled nearly $450 million between 2015 and 2020, according to an analysis that forecasts many more projects over the next half decade.

Spectrum Health began offering COVID-19 vaccines Monday to people eligible under a second phase of a statewide vaccination rollout. The health system plans to expand the effort to additional locations and set up mobile clinics in the days ahead.

LANSING — State officials expect Michigan to receive nearly 260,000 initial doses of COVID-19 vaccines from Pfizer Inc. and Moderna Inc., based on federal estimates.

GRAND RAPIDS — The $160 million federal contract to produce a COVID-19 vaccine when it’s ready elevates Grand River Aseptic Manufacturing Inc. into what Tom Ross calls the “big leagues.”

At first glance, the 2019 Health Check report published by Grand Valley State University seems to suggest that medical innovation in Michigan and nationally slowed dramatically in recent years. But health care and legal experts say the medical patent numbers in the report don’t quite reflect reality. They cite an array of factors that likely drove steep declines from 2014 to 2017 in the number of medical patents issued and assigned, both nationwide and in Michigan.

Pfizer Inc. is the first manufacturer to take advantage of the Good Jobs for Michigan incentive program signed into law a year ago by Gov. Rick Snyder.

MATTAWAN — The proposed sale of MPI Research Inc. to Charles River Laboratories International Inc. for $800 million would end local ownership for a company that’s one of the largest employers in the greater Kalamazoo area.

KALAMAZOO — After two years of looking for manufacturing companies to buy, Dave Kersjes and Steve Remstad found an opportunity in FlowTech Inc., a small producer of fluid and air filtration products.

LANSING — Sweeping energy policy reform that has taken nearly two years to move through the state Legislature could face a contentious debate during the remaining days of the post-election lame duck session.

Here is the MiBiz Growth Report for Sept. 6, 2016:

• M&A: Lansing-based Eckhart Inc., a portfolio company of private equity firm LFM Capital of Nashville, Tenn., acquired Auto Craft Tool & Die Inc. and 3 D Sales Inc., both of Algonac, Mich., in a deal to add more controls, robotics, and automation-based solutions and distribution capabilities. Auto Craft operates facilities in Marine City, where it makes material handling systems and specialized tooling for industrial manufacturers. The company manufactures door and instrument panel carriers and automatic guided carts. The related 3 D Sales business distributes industrial ergonomic and work cell components. The deal, the terms for which were not disclosed, was the first for Eckhart, a manufacturer of ergonomic assembly line equipment that last year joined the LFM Capital portfolio. The Nashville-based private equity firm focuses on lower middle-market manufacturers and industrial services providers with enterprise values in the $15 million to $75 million range.