Wednesday, December 17, 2008

Big Pharma Suffers Profit Fit

Down the sink with them!

Drugging the AmeriKan People to Death

Oh, wait a minute....

"Epilepsy drugs to warn of suicide risk" by Bloomberg News | December 17, 2008

WASHINGTON - Epilepsy drugs must carry a new warning about the risk of suicidal thoughts or actions....

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"Drug firm to shed 800 more positions" by Associated Press | December 17, 2008

NEW YORK - Drug maker Bristol-Myers Squibb said yesterday it will eliminate another 10 percent of its workforce through 2010 as it works to pare costs before it loses patent protection on key drugs.

The New York company says it will eliminate 800 positions by the end of 2008, including filled and vacant jobs worldwide. Bristol-Myers estimates it will save $1 billion by 2012 as a result of the moves, which come on top of $1.5 billion in cost cuts disclosed in December 2007. Those cuts will eliminate about 4,300 jobs through 2010....

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A company spokesman said the cuts will not affect Bristol-Myers' plans to build a drug manufacturing plant at the former Fort Devens Army base in central Massachusetts. Bristol-Myers now has 200 employees in Devens and another 40 in Waltham, where it bought Adnexus Therapeutics Inc. a year ago for $430 million.

Bristol-Myers did not provide an estimate of what the job cuts will cost. It said the moves will allow it to address both short-term and long-term challenges and uncertainties.

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