New MichBio board member Joe Schwartz talks frankly about industry's growth

Medical doctor and former Congressman Joe Schwartz has joined the board of MichBio. He explains how promising the biotechnology is for this area as well as frankly stating that "Pfizer made a mistake."

Excerpt:

That tremendously talented group of people at the Pfizer facility in Ann Arbor is not replaceable. You can't make a replica of what they had there elsewhere. So they're an East Coast company, their executives are basically East Coast people, and I have to say that in my lifetime, which is now getting to be relatively long, I've never felt the East Coast clique had an understanding of the Midwest and of the great research universities in the Midwestern states in Ohio, Indiana, Michigan, Illinois, Wisconsin and Minnesota.

But we know how good we are and there's no question in my mind that the slack will be taken up and that new and even better research is going to be done and that the commitment of the University of Michigan, of the city of Ann Arbor, of the state of Michigan to play over this unfortunate happenstance of Pfizer leaving - the commitment to play over that is tremendous.

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