Pfizer Building Collapse Raises Concerns Over Midtown Development
Yesterday, officials evacuated Pfizer's Midtown building after several floors caved in and two columns buckled due to structural damage.[3184443]
The company's decision to move its headquarters from a building in Midtown to Hudson Yards was seen as fortunate, given the recent collapse.[3184443]
Meanwhile, Vertex Pharmaceuticals announced its largest-ever deal, spending $10 billion to acquire Crinetics Pharmaceuticals.[3054925]
The biotech company's new acquisition is expected to have a significant impact on the development of treatments for rare endocrine disorders.[3054925]