EDITAlex Ihnen wrote:400 employees is a nice addition to CORTEX and their close collaboration with WU is good as well. I'm guessing that this means a new building.
: 30 employees is a nice addition to CORTEX and their close collaboration with WU is good as well. I'm guessing that this does not mean a new building. WU currently leases much of the CORTEX 1 building I believe, they can likely find room there?Or: Patents on our best drugs will soon be expiring, and we're dumping less strategic operations to focus on R&D in creating a new line of wonder drugs. And, we hope all those WashU researchers can go over our inventory of drugs & compounds and find something new we can do with them. Remember that Viagra was originally meant as heart medicine, promoting blood flow, before the researchers conducting trials noticed the ancillary effects of the drug.Tuesday, May 18, 2010, 10:34am CDT
Pfizer to cut 6,000 jobs, close eight plants
St. Louis Business Journal
Pfizer Inc. plans to eliminate 6,000 manufacturing jobs over the next 18 months to five years as it closes eight plants and reduces operations at six others.
The cuts are part of the New York-based pharmaceutical giant’s larger plan to eliminate more than 19,000 jobs and reduce costs by $5 billion by the end of 2012, following its $68 billion acquisition of Wyeth.
St. Louis, where Pfizer has research operations, is not affected by Tuesday’s announcement, a company spokesman said. The drug company (NYSE: PFE) previously announced 600 layoffs from its 1,000-member work force in Chesterfield, Mo., through 2011.
Pfizer said Tuesday it plans to exit sites in New York, Virginia, Puerto Rico and Ireland. The company plans to reduce plant operations in North Carolina, Massachusetts, Puerto Rico, Ireland, United Kingdom and Germany.
“The restructuring of our global plant network is critical to our efforts to remain competitive so that we can continue to meet patient needs and expand the access and affordability of our medicines Pfizer Global Manufacturing President Nat Ricciardi said in a statement. “We must continue to adjust to the fast-changing and extremely competitive environment in which we operate. That means realigning our network and reducing our manufacturing capacity so that we can position Pfizer for the next phase of growth across biopharmaceuticals and our diversified business portfolio.”
Entrepreneurs, not buildings and real estate, are the key to innovation and economic growth. Yes, a region needs good infrastructure and a pool of educated talent to develop a technology hub. But governments can't manufacture innovation by putting a set of fancy buildings next to a university, as Russia plans to do.
To build the next wave of successful clusters, governments should provide creative, risk-taking entrepreneurs with the means to start companies and build networks. They should provide seed financing and tax breaks for entrepreneurs, welcome skilled immigrants, and improve educational resources. That's the formula for nurturing entrepreneurship.
quincunx wrote:How can they have state-of-art facilities with all those old buildings around?!
love the commentquincunx wrote:How can they have state-of-art facilities with all those old buildings around?!
The one part that hope doesn't work is the proposed metrolink if it's BJC's way of getting Euclid station moved to Kingshighway. Maybe some strong opinions out there, but believe an Euclid and Sarah Street metrolink station combo is much better then Kingshighway and Boyle Ave. Especially if some additional residential/mixed can get kicked start along Euclid and FPSE. Any thoughts?beer city wrote:Ambitious expansion by Cortex -
http://www.stltoday.com/business/column ... f6878.html
Alex's coverage
http://nextstl.com/central-corridor/cor ... y-s-memory
I would venture it’s more of one hand saying “what if” and the other hand not really caring for the moment. When it gets down to it, it will be quickly clear that moving the station west along the tracks to where it passes underneath Kingshighway (placing the station underneath the WUSM’s Northwest Tower and SLCH Parking Garage) is not really going to happen. It’s more likely to expand a bit further east, closer to Taylor Avenue if anything.
But, as always in this town, you never know what people are thinking. It’s good to keep an eye on it.
Looking at a map, I think the Boyle station would serve FPSE and eastern CWE much better than a Sarah stop. Also, CORTEX doesn't own the land around a Sarah stop.quincunx wrote:^I'm with you there. Moving the Euclid station absolutely not. If it ain't broke don't fix it.
A new Sarah Street station is better because it'll have a better connection to the Grove. Sprucing up Sarah between the station and Manchester would be needed too of course. I'd love to see that little building by the tracks at Sarah used somehow. If there's nice pathway to the west for CORTEX workers I think it would work for all.
I agree. Even if there are parts of the plan that need some attention, there is a lot of positive to take from the current proposal. I love the building adaptation, the economic potential, the incorporation of transit and the really promising open space. I would love to plan and design this place!goat314 wrote:I love the plan. I'm glad St. Louis is taking part in real planning again. Hopefully we can get a Downtown master plan sometime soon.
I agree, but for some reason I often see people walking Sarah at all hours of the day--even at night when the area is not very well lit--between West End Lofts and Manchester, but I rarely see anyone on Boyle. Finding your way to the bars in "The Grove" on foot from a Boyle Metrolink stop could be tedious, but great for FPSE residents.Alex Ihnen wrote:^ Right, but Sarah only gets you to the very eastern point of The Grove - the neighborhood's very narrow there and there's little residential. Even for visitors, they'd likely be better served arriving via Boyle.
