Pfizer Puts Closed Terre Haute Plant Up For Sale

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Pfizer Puts Closed Terre Haute Plant Up For Sale

By Scott Sarvay

TERRE HAUTE, Ind. (AP) - Drug maker Pfizer Inc. is putting up
for sale the Terre Haute manufacturing plant where about 800 people
worked before the company decided to close it.

Pfizer announced Monday it had hired a real estate services
company to market the 1,000-acre site where the company has had
operations since 1948.

The New York-based company cut most jobs of its Terre Haute jobs
in January after it decided to stop selling the plant's top
product, the inhaled insulin Exubera, because of disappointing
sales. Pfizer said in May it would close the plant and eliminate
its remaining 140 jobs.

Pfizer had invested more than $300 million in the facility since
1999 as it ramped up production of Exubera. However, the drug never
met expectations.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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