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Pfizer takes lead role in stem cell research

Agreements with University College London, U of Wisconsin—Madison part of $100 million investment in international stem cell development program
| 3 min read

CAMBRIDGE, Mass.—Pfizer Inc. has jumped into the academic pool with a pair of agreements involving stem cell research—both aimed at developing new drug therapies and both having university connections.

Pfizer's Regenerative Medicine unit last month reached a sponsored research and licensing agreement with University College London (UCL) to develop stem cell-based therapies for ophthalmic conditions. In a separate agreement, Pfizer agreed to license human embryonic stem cell (hESC) patents from the University of Wisconsin-Madison for the development of new drug therapies.

The agreements come as Pfizer makes a $100 million investment in its international stem cell development program. The company's regenerative medicine unit at Granta Park will become Pfizer's No. 1 stem cell base worldwide under an initiative that provides the discipline with its largest single cash injection from the corporate sector to date.

According to Pfizer spokeswoman Elizabeth Power, the Pfizer Regenerative Medicine unit will grow to about 70 staffers in the next year.

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