Pfizer shutting down two manufacturing plants in India

Pfizer is shuttering two manufacturing plants in India that make generic injectables like penicillin as a response to declining demand, Reuters reports. The factories employ nearly 6% of the company’s global workforce. In an emailed statement, Pfizer said “Pfizer has conducted a thorough evaluation of the … sites in India and concluded that due to the very significant long term loss of product demand, manufacturing at these sites is not viable.”
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