Pfizer, Inc. will be offering $100 million in stock for its Animal Health Unit. The Animal Health Unit has operations in both Kalamazoo and Richland, Michigan employing approximately 700 people. This stock offering is part of Pfizer's overall business planning that began earlier this year with the sale of its infant nutrition business to Nestle.
Beginning a business requires startup capital. This can be found through business loans especially designed for a new business. This allows the business to cover initial costs to lay the groundwork for the new company to grow. Ideally, it will also give the company some backup funds in order to get the business through the first few months where it may not be able to yet make a profit. One Michigan company has been able to secure its startup capital through the Michigan Microloan Fund Program.
When two companies collaborate in business together, they usually will operate under some form of written agreement. One of the most common types of business contracts in Michigan and elsewhere is a provider or service agreement. However, like any other type of understanding, these written agreements can be vulnerable to contract disputes . This is what is happening with Northwest Health System (NHS) and Blue Cross & Blue Shield (BCBS).
The bio-life science field is an exciting and innovative industry to be a part of. New business enterprises are attracted to the field because of the demand for new discoveries, many of which could be used in medical treatment. This provides excellent opportunity to make a good profit. One bio-life science company has chosen Michigan as the site for its new start-up lab, which will specialize in genetic research. The lab plans to focus on processing genetic testing for age-related macular degeneration.