Schering-Plough to Cut 5,500 Jobs
In what CEO and Chairman Fred Hassan is calling “tough actions that are needed to respond to a tough situation,” Schering-Plough (Kenilworth, NJ) has announced plans to eliminate 5,500 jobs (10% of its workforce).
In what CEO and Chairman Fred Hassan is calling “tough actions that are needed to respond to a tough situation,” Schering-Plough (Kenilworth, NJ) has announced plans to eliminate 5,500 jobs (10% of its workforce). Their plan will reduce costs by $1.5 billion by 2012.
The announcement comes after physicians from the American College of Cardiology presented their findings on March 30 regarding cholesterol drugs Zetia and Vytorin, a major source of revenue for Schering. According to the panel, Vytorin, a combination of Zetia and Zocor, is no more effective than Zocor alone, which is available as a cheaper generic, at slowing the progression of heart disease. Zetia and Vytorin are jointly marketed by Schering-Plough and Merck & Co. (Whitehouse Station, NJ).
The problems with Vytorin began in January when Schering-Plough and Merck released the findings from their ENHANCE trial, which found that while Vytorin reduced LDL cholesterol, it had little effect on arterial plaque buildup.
The Solution Lies with SOLBIOTE™: Achieving Sustainability, a Growing Focus in Biopharma
October 28th 2024The nexus between biopharmaceuticals and sustainability is seemingly far apart, however, it is increasingly recognized as an inevitable challenge. It is encouraged to take a sustainable approach to reducing the environmental impact of the production and supply of medicines while improving people's health; delivering the well-being of people and the planet. Yosuke Shimojo (Technical Value Support Section Manager, Nagase Viita) will unveil how SOLBIOTE™, a portfolio of injectable-grade saccharide excipients, would be a key for the biopharmaceutical development and achieving sustainability for a better future of the industry.
