Pfizer launches stem cell unit
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Pfizer Inc. said it had launched a biotechnology research unit focused on developing stem-cell-based treatments for a wide range of conditions.
The unit, called Pfizer Regenerative Medicine, will be located in two of the global hubs for biotech research -- Cambridge, England, and Cambridge, Mass.
New York-based Pfizer plans to invest about $100 million in the project over the next three to five years.
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