STAT+: Pfizer plans to depart BIO
The pharmaceutical giant Pfizer plans to exit the Biotechnology Innovation Organization, the latest in a string of major departures from industry trade groups.
WASHINGTON — Pfizer has decided to leave the Biotechnology Innovation Organization, according to two sources familiar with the decision.
The departure is a blow to BIO, which represents members ranging from small biotech startups to massive pharmaceutical companies. The group on Tuesday announced its new CEO, rare disease advocate and biotech executive John Crowley.
Neither BIO nor Pfizer responded to requests for comment about the departure.
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