View Single Post
Old Posted Jan 19, 2018, 2:14 PM
Scottydont Scottydont is offline
Registered User
Join Date: Oct 2015
Posts: 132
Originally Posted by Nova08 View Post
The initial reports a few months ago were that Teva was considering thousands of US job cuts. While unfortunate, at least they are not completely slashing the Philly workforce. As a reference, they employ ~2,000 in several PA facilities.
This is how the pharma industry works sometimes. A company can spend years developing a new drug, and if it doesn't make it through the different clinical trial phases, there's not much the company can do and they've got to cut staff. In this case, it might have to do with Teva losing its patent on a major drug
Reply With Quote