Report: $700,000 of Gold Dust Missing From Pfizer Lab
Dec 11th 2012 11:18AM
Updated Dec 11th 2012 11:26AM
Police are investigating $700,000 of gold dust missing from a Pfizer medical research lab in Chesterfield, Mo., the St. Louis Post-Dispatch reported last week.
Authorities told the newspaper that the loss became clear during inventory procedures and could be the result of theft or misplacement. The paper reported that dealers and refiners doubted the dust could be resold, if it has been stolen, because of the large amount and the form.
Pfizer declined to detail how the metal was being used, but gold dust can be a part of nanotechnology research.
"We are taking this matter very seriously and working closely with local law enforcement authorities on this ongoing investigation. It would be inappropriate for us to comment any further at this time until the police investigation has been completed," Pfizer said in a statement. "We use a variety of materials in the drug discovery process. This is just one of the materials we use in our proprietary research."
The article Report: $700,000 of Gold Dust Missing From Pfizer Lab originally appeared on Fool.com.Brandy Betz has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.