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Takeda Pharmaceutical to slash 9 percent of global workforce
On the heels of its $12 billion acquisition of Swiss drugmaker Nyocomed, Takeda Pharmaceutical Company has announced it is reducing the size of its European and U.S. workforce. Takeda said it would cut 2,100 jobs in Europe and 700 in the U.S. over ... Click here to read more »
NantWorks buys old Indiana Pfizer plant, creates 234 pharmaceutical jobs
California-based NantWorks LLC has announced plans to buy the vacant Pfizer building in Indiana to locate a new pharmaceutical manufacturing facility. NantWorks, which is developing critical injectable and oncology drugs, will invest $85.5 million ... Click here to read more »
UK pharma companies look to cash in on U.S. market
Scotland-based pharmaceutical company ProStrakan recently announced it will expand its stateside presence after striking a distribution and licensing deal in the U.S. Meanwhile, England-based Midatech Limited said it was gearing up for a possible U.... Click here to read more »
Allergan expands botox operations in Ireland
Allergan, the U.S.-based maker of botox, has announced plans to extend its presence in the European market with a new facility in western Ireland. The company said it will invest $350 million to build a new manufacturing facility in Westport, which... Click here to read more »
Britain launches multi-million dollar campaign to boost pharmaceutical development
Looking to boost job creation and medical technology innovation, the British government has announced the creation of a $280 million fund to help speed up the time it takes to bring pharmaceutical products and medicines to market. Prime Minister Da... Click here to read more »
Pharmaceutical companies bring jobs to Massachusetts and South Carolina
Two major pharmaceutical companies have announced plans to bring more jobs to Massachusetts and South Carolina. What appears to be good news for Massachusetts workers may also mean the loss of jobs for employees of the French drug makers Sanofi SA ... Click here to read more »
New Jersey to offer job training to out of work pharmaceutical workers
Workers who have been affected by a bout of recent layoffs in the pharmaceutical industry in New Jersey are eligible to receive state aid and job training through a grant by the federal government. The news comes as pharmaceutical giant Novartis ann... Click here to read more »
Pharmaceutical industries prospering in Pennsylvania and Wisconsin
There are signs that increased pharmaceutical research is helping to fuel drug manufacturing in Pennsylvania and Wisconsin. According to a new report by the Pharmaceutical Research and Manufacturers of America (PhRMA), over 25 percent of the 901 cu... Click here to read more »
AstraZeneca cuts jobs as FDA looks to improve drug safety standards
Pharmaceutical giant AstraZeneca has announced it was making additional cuts to it U.S. business sector workforce as the company braces for potential revenue losses when a number of its key drugs lose their patent protections. The announcement comes... Click here to read more »
Pharmaceutical companies growing in Mississippi and Florida
Two pharmaceutical companies have announced plans to expand in Florida and Mississippi, while these moves are expected to bring new jobs to the area and help the local economy. In Mississippi, pharmaceutical distribution company Anda said it will c... Click here to read more »
Pharmaceutical industry sees boost in venture capital investments, new plant in Georgia
At a time when a number of pharmaceutical companies are trimming their workforce, the life science industry appears to be off to a healthy start this year, with an increase in venture capital investment spending. A new report by PricewaterhouseCoop... Click here to read more »
Pharmaceutical industry may experience decline with patent release
The expiration of many of the patents that protect the intellectual property rights for many drug companies may lead to a decline within the industry. Industry leaders like GlaxoSmithKline, a Pennsylvania-based company, have noted that due to the i... Click here to read more »
Walgreens to significantly expand franchise in Chicago
The nation's largest drugstore chain recently announced it will open up to a dozen new stores and create about 600 jobs in Chicago. According to the Chicago Sun-Times, Chicago Mayor Rahm Emanuel and Walgreens President and CEO Greg Wasson unvei... Click here to read more »
Vitamin supplier to open new distribution center in Virginia
A provider of nutritional supplements and vitamins will bring 60 new jobs to Chesterfield County, Virginia over the next three years, according to WTVR News. Emerson Ecologics is planning to open a distribution center in Chesterfield County. The pr... Click here to read more »
Expansions in pharamaceuticals bode well for job market
Isreal-based Teva Pharmaceuticals, the world's largest manufacturer of generic drugs, announced on Monday that it will be investing $460 million in Japanese pharmaceutical company, Taiyo, reports The Associated Press. Teva will have a 57 percent... Click here to read more »
