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Pfizer to move into new $200M facility in Chesterfield; retain 450+ area jobs

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FILE -- An exterior photograph of the Pfizer headquarters in New York, New York. A massive $150 billion merger between Pfizer and Allergan has been called off after the Obama administration issued new rules designed to crack down on corporate tax avoidance.

CLAYTON, MO (KTVI) – Pfizer is moving into a new $200 million facility in Chesterfield for research and development.  St. Louis County says the development will create more than 80 jobs and retain 450 positions.  The building is being constructed by ClayCo.

Construction of the facility is expected to begin in 2017.  It will be designed to develop biotherapeutic molecules like vaccines, immune-oncology therapies.  Pfizer plans to bring employes from two sites together once the new building is complete.

“Missouri is an important part of Pfizer’s research and development network, we’re proud of the world-class employee base we’ve built here,” said John Ludwig, Senior Vice President of BioTherapeutics Research in a statement.

Pfizer received support from the state of Missouri, St. Louis County and Chesterfield to build the new $200 million facility.

Pfizer is one of the world’s largest biopharmaceutical companies.  They are headquartered in New York and have been located in St. Louis for the past 13 years.   The company has labs, office space and manufacturing operations in two locations in St. Louis County.  They focus biotherapeutics and vaccine development in the area.