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Business

Sanofi To Close Plant In England

by Rick Mullin
March 19, 2012 | APPEARED IN VOLUME 90, ISSUE 12

Sanofi will shut its finished-pharmaceutical manufacturing plant in Newcastle, England, by 2015, eliminating 450 jobs. In a statement, the company said the decision was based on a challenging business climate for pharmaceuticals characterized by increased competition from low-cost generic drugs.

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