Pfizer gave up 100 workers in Bothell, Wash., according to a filing with the state Work Safety and security Department uploaded on Monday.
The pharmaceutical giant developed a significant presence in Bothell following its $ 43 billion procurement of cancer cells drugmaker Seagen in 2023 Pfizer employs concerning 1, 667 individuals in the Seattle area, according to LinkedIn.
Earlier this year, Pfizer stopped advancement of an antibody-drug conjugate (ADC) linked to the purchase of Seagen and took a $ 1 billion problems charge
In 2015 Pfizer closed down building on a new 270, 000 square-foot production center Seagen had actually been building near its head office. Pfizer laid off regarding 120 employees at the time.
Founded in 1998 as Seattle Genes, Seagen pioneered the growth of ADCs, a class of cancer treatments that use antibodies to deliver contaminants or various other little molecules directly to targeted cells. Seagen had four oncology medications at the time of the acquisition to Pfizer.
Seagen had 3, 300 overall workers when it was acquired by Pfizer. It was the biggest biotech business in the Seattle location at the time.