UKUK

AstraZeneca sheds thousands of jobs

03.02.2012

London - AstraZeneca tries to shed some weight, anticipating a tough year ahead. 7,300 jobs will be gone soon, the Anglo-Swedish drug company said in a statement. Research and development operations will be cancelled in Södertälje, Sweden, as well as Montreal, Canada. In Södertalje, the company runs a series of state of the art biotechnical laboratories, mainly for research in the fields of therapy for the Central Nervous System (CNS) and Pain Control. Where the rest of the 5,100 job will vanish is not yet specified. AstraZeneca wants to get slimmer on a global scale, it is reducing the regional management groups from five to three - North America, Europe and Asia/Pacific. It is the third round of layoffs since 2007, bringing the total up to 28,900. On first look, the cuts seem counter-intuitive as the drugmaker reported a 24 percent increase in 2011 profits to €7.6bn. "We have announced further steps to drive productivity in all areas to improve returns on our investment in innovation”, CEP David Brennan commented. He cites generic competition and reduced government reimbursement schemes as main drivers for the move. AstraZeneca wants to save €1.2bn by 2014.

UKUK

19.08.2011

Brussels – While worldwide stock exchanges took a beating in late July and early August, European biotech stocks plunged even more. Stocks of majors like Roche, Novartis and GSK lost more than 10% in the first week of the month,...

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17.08.2011

London/Pasching –GE Healthcare vamps up its biopharmaceutical capabilities. The U.K. based unit of the U.S. technology giant General Electric, announced that it has reached an agreement to acquire the Austrian PAA Laboratories....

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16.08.2011

London – The International Multiple Sclerosis Genetics Consortium, led by the Universities of Cambridge and Oxford and funded by the Wellcome Trust, has identified 29 new genetic variations linked to multiple sclerosis (MS). The...

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16.08.2011

London – A consortium led by British gene medicince company Ark Therapeutics Group plc has received a EUR5.3m grant from the European Commission’s 7th Framework Programme to fund research to combine Ark’s technology covering...

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09.08.2011

London - Patents on biomarkers are necessary to encourage innovation and investment in the UK DNA diagnostics market. This is the conclusion of a report from the UK Human Genetics Commission. The paper "Intellectual Property and...

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London/Rockville - GlaxoSmithKline and its American partner Human Genome Sciences, Inc. announced today that the European Commission has granted marketing authorisation for belimumab (Benlysta) as an add-on therapy in adult...

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The British analytics specialist LGC Ltd. will buy its peer, KBioscience, for an undisclosed sum. The acquisition of KBioscience brings LGC expertise in genotyping services, chemistry and complements its genomic services...

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