Michigan makes loan to hire Pfizer talent in Saline

The Pfizer-is-leaving announcement seems farther and farther away with each passing day, but state officials are still working to keep that drug development talent in Michigan.

Saline- and Kalamazoo-based firms have received loans from the Company Formation and Growth fund, a state-based initiative to keep Pfizer talent and assets in Michigan.

Research Essential Services of Saline will receive $200,000 so it can occupy space in the newly opened Michigan Life Science and Innovation Center in Plymouth. That money will also allow the company to hire four ex-Pfizer scientists and purchase some old Pfizer assets.

The other winner is Kalamazoo-based Kalexsyn, which will use its $150,000 to hire three ex-Pfizer scientists. The Company Formation and Growth fund has approved $7.25 million in loans for 34 life-sciences firms in the Ann Arbor, Kalamazoo and Metro Detroit communities since Pfizer announced it was leaving Michigan.

Source: Michigan Economic Development Corporation
Writer: Jon Zemke

Michigan makes loan to hire Pfizer talent in Saline

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