Volume 88 Issue 20 | p. 17 | Concentrates
Issue Date: May 17, 2010

Takeda, Pfizer Set Layoffs

Department: Business | Collection: Economy
Keywords: pharmaceuticals, Layoffs, employment

Takeda Pharmaceutical will eliminate nearly 1,600 jobs in its North American operation. The Japanese company says it is taking the action to better align its size with its drug portfolio, which is challenged by delays in the development of new products and the 2012 onset of generic competition for Actos, its top-selling product in the U.S. Actos, a diabetes treatment, generated $3.2 billion in sales in the Americas last year. The company has . . .

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