Navigation Links
U-M Purchase of Former Pfizer Facility Nears Completion, Paving the Way For Research Expansion and Job Creation
Date:5/15/2009

ces and other disciplines, which have been hampered in recent years by lack of research space.

The purchase includes four parcels of land and 30 buildings encompassing nearly 2 million square feet of sophisticated laboratory facilities and administrative space, along with furnishings. In all, the campus will expand U-M research capacity by 10 percent.

The funds for the purchase will be drawn almost entirely from U-M Health System reserves -- money that has been set aside over the years to meet emerging strategic needs. The University's investment proceeds will fund the rest of the purchase of the property. Renovation and operating costs will be borne by the Health System and by other University units whose researchers and staff will occupy the campus. No state taxpayer or tuition dollars will be used to fund this purchase.

A strategic planning process, begun earlier this year, will determine how the new campus will be put to use, and how existing space on the medical, main and north campuses will be repurposed as some functions move to the new campus. U-M leased space for related administrative functions will also be examined to allow for the most efficient use of resources.

The purchase of the Pfizer property is the University's largest since 1950, when U-M bought 300 acres to develop what is today North Campus. U-M originally owned the majority of the land contained in the purchase, and sold some of it to the Parke-Davis pharmaceutical company in 1957. Parke-Davis, a division of Warner-Lambert, became part of Pfizer in 2000. U-M sold the additional land to Pfizer in 2002, with a right to purchase that parcel if Pfizer ever decided to sell it.

This news release was issued on behalf of Newswise(TM). For more information, visit http://www.newswise.com.


'/>"/>
SOURCE University of Michigan Health System
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Sen. Max Baucus: Answer 10 Questions About Mandatory Purchase of Health Insurance Including Why the Public Was Excluded From Todays Committee Meeting
2. Eye Care Centers of America Bonds Purchased
3. Cell Therapeutics, Inc. Announces Single Institutional Investor Purchases $20 Million of Common Stock and Warrants
4. Blue Cross Blue Shield of Michigan Plans to Offer Customer Groups Ability to Purchase Coverage of Autism Treatment Programs that Provide Intensive Early Intervention
5. Organizations Have Federal Government Tax Incentives to Purchase Remstar Automated Systems for 2009
6. $89 Million Proposed Class Action Settlement Provides Consumers and Insurers With Money Back for Celebrex and Bextra Purchases and Reimbursements
7. Christiana Care Health System to Purchase Wind Power
8. All Persons Who Purchased or Acquired the Common Stock of Sunrise Senior Living, Inc. (Sunrise) Between February 26, 2004 and July 28, 2006, Inclusive, and Were Damaged Thereby (The Class)
9. Dialysis Corporation of America Announces Share Repurchase Program
10. Chemed Corporation Purchases a Second Corporate Jet - MMI Investments Demands an End to Chemed Corporate Largesse
11. Aegis Living Completes Purchase of Real Estate in Aptos
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/23/2014)... 2014 AngelWeddingDress.com has recently ... selection of beach wedding dresses. “If you are looking ... AngelWeddingDress.com as soon as possible. Here you can enjoy ... manager says. , Holding a big marriage ceremony is ... a beautiful beach wedding dress is uppermost priority. Ophelia, ...
(Date:11/23/2014)... The FDA is Watching: , What Twitter, ... Dec. 11, 2014 ? Any Time at Your Convenience ... promotional activities is no longer limited to magazine and ... websites, Twitter, journal articles, TV appearances, Facebook and more. ... for On-Demand access to Timothy Ayers and Michelle Axelrod’s ...
(Date:11/23/2014)... (PRWEB) November 23, 2014 BambooFlooringChina.com , ... new click strand woven bamboo flooring collection. Now, ... According to the company’s CEO, the promotion is valid until ... flooring comes with a smooth and dust-free surface, which makes ... companies in the industry, the company wants to make its ...
(Date:11/22/2014)... A new AlignLife Chiropractic & Natural Health ... Greenville area. Dr. Chelsea Sineath, owner and chiropractor at ... her own clinic after working in another AlignLife office ... , AlignLife believes that the body can heal itself ... chiropractic care and rehabilitation to allow the spine to ...
(Date:11/22/2014)... November 23, 2014 Recently, UWDress.com, a successful ... formal wedding guest attire in order to prepare for ... prices, up to 70% off. , UWDress.com is a ... are very beautiful, especially the new items -- formal wedding ... in the current market, including superstar and princess. As one ...
Breaking Medicine News(10 mins):Health News:Beach Wedding Dresses Added to Outstanding Online Dress Company AngelWeddingDress.com 2Health News:FDAnews Announces The FDA is Watching: What Twitter, Tradeshows and TV Have in Common, On-Demand Webinar, Dec. 11, 2014 2Health News:FDAnews Announces The FDA is Watching: What Twitter, Tradeshows and TV Have in Common, On-Demand Webinar, Dec. 11, 2014 3Health News:FDAnews Announces The FDA is Watching: What Twitter, Tradeshows and TV Have in Common, On-Demand Webinar, Dec. 11, 2014 4Health News:FDAnews Announces The FDA is Watching: What Twitter, Tradeshows and TV Have in Common, On-Demand Webinar, Dec. 11, 2014 5Health News:Click Strand Woven Bamboo Flooring From Famous Bamboo Flooring Company BambooFlooringChina.com 2Health News:AlignLife of Downtown Greenville is Now Open and Accepting New Patients 2Health News:Formal Wedding Guest Attire Added to UWDress.com 2
... Service (ARS) finds that various forms of peanut flour ... to help food experts to improve food textures. ... oil from roasted peanut seeds. It is added to ... dressings to enhance flavor and protein value. ...
... American client who wants to show it in Tokyo in ... all this from Chennai too! ,But a small company ... Specialising in providing software services to the healthcare sector, it ... in millions of dollars in profit. ,Its ...
... in effectiveness to each other but differ when it ... released today by HHS’ Agency for Healthcare Research and ... of nearly 300 published studies of second-generation antidepressants, show ... relief from the drugs. About six in 10 also ...
... that too much alcohol can lead to multiple health ... of this perception.// Many people also assume that a ... probably alcoholics. This may not be accurate. A recent ... that, in fact, most alcohol-related problems may be due ...
... the bacterium that causes pneumonic plague is significantly slowed when ... Washington University School of// Medicine in St. Louis report in ... a primary concern in pneumonic plague, which kills in three ... terrorist attack. The bacterium that causes plague, Yersinia pestis, is ...
... (MS) is a chronic inflammatory disorder that causes degeneration ... leading to various symptoms including muscle// weakness and pain. ... cycles of disease and remission, leading to the suggestion ... inflammation. Using a mouse model of MS (known as ...
Cached Medicine News:Health News:Cashing in on IT for Healthcare 2Health News:Newer Class of Antidepressants Similar in Effectiveness, Side Effects Differ 2Health News:Newer Class of Antidepressants Similar in Effectiveness, Side Effects Differ 3Health News:Excessive Drinking, Not Alcoholism, may Lead to Most Alcohol-Related Problems 2Health News:Disabling Key Protein may Give Physicians Time to Treat Pneumonic Plague 2
(Date:11/21/2014)...  Alere Inc. (NYSE: ALR ), a ... Juliet Cunningham as Vice President, Investor Relations. In ... driving communications with the investment community. "As ... to increase shareholder value, it is critical that we ... Chief Executive Officer. "We are delighted that Juliet ...
(Date:11/21/2014)... 21, 2014  Tandem Diabetes Care ® , ... device company and manufacturer of the t:slim ® ... Tidepool, a non-profit dedicated to improving diabetes therapy ... that increases diabetes data accessibility. This partnership will ... currently under development, to download and access data ...
(Date:11/21/2014)... SAN MARCOS, Texas , Nov. 21, 2014 /PRNewswire/ ... industrial hemp containing low THC, announces they are now ... is comparable to Charlotte,s Web type strains grown in ... symptoms from other neurological disorders, such as Parkinson,s, MS, ... waiting for US laws to pass, because imported CBD ...
Breaking Medicine Technology:Alere Appoints Juliet Cunningham to Lead Investor Relations 2Tandem Diabetes Care Announces Partnership with Tidepool to Further Expand Access to Diabetes Device Data 2Tandem Diabetes Care Announces Partnership with Tidepool to Further Expand Access to Diabetes Device Data 3New CBD Oil From Industrial Hemp is Comparable to Charlotte's Web, Legal In All 50 States 2New CBD Oil From Industrial Hemp is Comparable to Charlotte's Web, Legal In All 50 States 3
... The U.S. Food and Drug Administration today approved Soliris ... (aHUS), a rare and chronic blood disease that can ... with increased risk of death and stroke. ... HUS accounts for 5 to 10 percent of all ...
... Internal Fixation Systems, Inc. (OTC QB: IFIX), manufacturer ... podiatric implants announced today that the company has been ...  DTC eligibility allows ownership of the company,s shares to ... Depository Trust Company is a member of the U.S. ...
Cached Medicine Technology:FDA Approves Soliris for Rare Pediatric Blood Disorder 2FDA Approves Soliris for Rare Pediatric Blood Disorder 3Internal Fixation Systems, Inc. Announces DTC Eligibility 2
... automated solution for Western Blot analysis ... fully automated Western Blot Analyzer for many ... reveal the presence of infectious diseases such ... fast and accurate screening of allergies and ...
... Advantages of using the Antigen-Antibody Pens-Using a ... and developed specialized fountain pens, called Antigen-Antibody ... or write/mark the blotting membranes in any ... formulated antigen-bonded colored dyes helps to see ...
... the Antigen-Antibody Pens-Using a proprietary and patented ... fountain pens, called Antigen-Antibody pens-TM, that will ... blotting membranes in any form or shape ... dyes helps to see antigen being written ...
... to 350 Liters of pure water, Complete, ... of Purified Water,Millipores compact S.D.S. Storage and ... to 350 liters of purified water produced ... maintain consistent purity of stored water, provide ...
Medicine Products: