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More layoffs are hitting the life sciences sector. A Japanese drugmaker with a presence in North Carolina is cutting its workforce by about 400 employees. Sumitomo Pharma Co. is reducing the size ...By Max Bayer Nov 22, 2023 1:36pm. CRISPR Therapeutics layoffs Vertex Pharmaceuticals Cell & Gene Therapy. CRISPR Therapeutics laid off a number of employees a week after FDA advisers all but ...With layoffs hitting employees on both sides of the Atlantic, Pfizer’s $3.5 billion cost-cutting spree has kicked it into high gear this month. Now, the company’s Groton, Connecticut, site is ...The most recent was Rigel Pharmaceuticals, which announced November 15 that it was cutting 16% of its workforce, most in early research. Based in South San Francisco, Rigel has 195 staffers and plans to cut 31 positions by the end of the year and take a fourth-quarter charge of $3.3 million for severance pay and modifying stock options.

Ferring Pharmaceuticals is closing its research facility in San Diego, CA and laying off 89 employees as a result. According to a WARN notice filed with the state of California, the layoffs will be effective May 26. Evofem Biosciences is cutting eight staff members just four months after cutting 39 jobs. The company also plans to cut its CEO ...Kenvue’s board of directors on Monday approved a plan to cut 4% of the company’s global workforce, the company said in a press release. The company employed about 22,000 employees at the end ...The median round of biotech layoffs this year involved about 40 employees, although at least eight drugmakers, including Fate Therapeutics, Molecular Templates and Sorrento Therapeutics, have each laid off more than 100 staff. BioPharma Dive’s count was compiled via company statements, regulatory filings and “WARN” notices filed with states.Three more biotechnology companies announced layoffs this week, adding to a string of cost-cutting efforts across the industry that has involved more than 100 …Feb 1, 2023 · Layoffs continue to batter biotech, with Big Pharmas piling on the pain. By Max Bayer Feb 1, 2023 10:50am. layoffs Merck KGaA Amgen TCR2 Therapeutics. More companies laid off staff last month than ...

The layoff trend has carried into 2023, and it isn’t confined to the tech sector. French pharmaceutical producer Sanofi SA (NASDAQ: SNY ) has reported that it plans to let go of all staff at two ...Three more biotechnology companies announced layoffs this week, adding to a string of cost-cutting efforts across the industry that has involved more than 100 … ….

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See full list on biospace.com Sumitomo Pharma Co., a large pharma company based in Japan, in April began combining multiple subsidiaries into one organization, leading to layoffs at Enzyvant. The cuts affected 23 employees ...

By Teresa Carey May 19, 2023 6:00am. The Top Line Sarepta Therapeutics Abbott FDA approval. Layoffs have hit biopharma hard over the last year and a half. In this episode Fierce Biotech's Max ...Mar 16, 2023 · By Angus Liu Mar 16, 2023 10:38am. AstraZeneca India layoffs job cuts. AstraZeneca has laid off 103 employees from its primary care division in India, The Hindu reports. (Stock photo/Getty Images ... Rare-disease drug maker BioMarin Pharmaceutical Inc., whose new CEO last month outlined the shelving of some drugs in its pipeline while promoting others, said …

recent arrests greene county ohio 5/8/2024. Follow along as BioSpace keeps you up-to-date on the latest pharma and biotech layoffs. The IRA, BMS’ Big Cuts, First WHIM Approval. 5/1/2024. J&J and BMS’ challenges to Medicare drug price negotiations shut down in federal court less than a week after BMS announced it was laying off more than 2,000 employees.Aurobindo Pharma Generic drugs Manufacturing Facilities layoffs. ... Indian generics giant Aurobindo is closing shop at its Aurolife Pharma unit in Dayton, New Jersey, where 99 jobs will get the ... best restaurants in brainerd minnesotamichigan dispensary near indiana border Otsuka subsidiary Avanir Pharmaceuticals will lay off 109 employees in California while in New York, India-based Strides Pharma will let go of 88 employees at its manufacturing site in Chestnut Ridge.Merck KGaA is the latest company to downsize, shrinking its U.S. research wing by more than 100 employees. Merck's layoffs mark at least the ninth recorded so far in the new year, more than the ... weather wentzville mo Bayer slashed 1,500 roles last quarter as CEO's vision for simpler organization takes shape. By Angus Liu May 14, 2024 9:49am. Bayer Bill Anderson layoffs job cuts. Bayer won’t provide a ... jakob butturffmenards fdlmills fleet farm hours lakeville The general upheaval in the pharma business kept employees on edge and HR departments busy drafting layoff notices last year. Drugmakers slashed thousands of jobs in 2011 to withstand the monumentalThe web page reports the number and frequency of biotech and pharma layoffs in 2023 based on Fierce Biotech data. Biogen recently unveiled a 1,000-person ... murder suicide rittman ohio Big Pharmas dominate biotech layoffs in 2024. Some pharmaceutical giants, such as Pfizer and Roche, have pared down their workforce as part of broader restructuring efforts. These moves tend to aim to bolster operational efficiency and optimize R&D spending.Sanofi begins 'full pipeline reprioritization' with layoffs in tow, R&D chief tells staff. Five months after setting out a controversial new vision for the company, Sanofi's executives have begun ... el caporal north benddwrk jokesbob duke dateline BioMarin Pharmaceutical has decided to cut 94 jobs in the North Bay, according to the filing by the biotech firm. If tech and biotech layoffs become widespread, the effects on the Bay Area economy ...