Elan redefines business, staff losses
As part of its ongoing efforts to manage its overall cost base and direct additional investment toward its promising and late-stage pipeline, Irish drugmaker Elan says it will refine its business operations and functions to realize greater efficiencies.
Specific adjustments include a postponement of biologics manufacturing activities, a strategic redesign and realignment of the R&D organization within the biopharmaceutical business, as well as a reduction in related and other support activities. These will result in a reduction in Elan's global workforce of about 230 positions, or 14% of Elan's head count, with around 115 jobs going in Ireland and a similar number in the USA.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
| Headless Content Management with Blaze