Novartis said the decisions were “difficult but necessary”
13 January 2012 Last updated at 10:23
http://www.bbc.co.uk/news/business-16544223
Swiss drugmaker Novartis has announced plans to cut 1,960 jobs in the US.
The company said the move reflected the impending loss of its patent on blood pressure drug Diovan and expected lower sales of one of its hypertension drugs.
Some 1,630 jobs will go from its sales force and another 330 positions from the reorganisation of the headquarters of its US general medicines business.
Other pharmaceutical firms have also cut their sales forces as the industry faces a wave of patent expiries.
In December, AstraZeneca said it was cutting 1,150 jobs in the US, reducing its sales force in the US by 24%.
David Epstein, division head of Novartis Pharmaceuticals, said the next two years would be “challenging”.
“These are difficult but necessary decisions that will free up resources to invest in the future of our business,” he said.
Novartis also said it would take a charge of $900m (£586m) in the fourth quarter of 2011 relating to its Rasilez drug, also known as Tekturna.
It expects lower sales of the blood pressure pill after the failure of a clinical trial.
See folks this is why the doctors have blood pressure as their number one bonus set of drugs. Thats why during the level 6 pandemic the doctors complained they’d lose their profits off the blood pressure poisons whilst they injected more poisons for flu. This was when they asked for a £2 per jab rise to cover their loses. They thrive off the blood pressure business and all mostly because many patients are agitated when they go in to the clinic in the first place. The doctor will never ask if you’ve had a cup of coffee or tea prior either or anything else you may have eaten which affects the reading. All the quack wants is his profits. Once you can see that the allopathic quacks are simply about business and population reduction then you’ll see clearly whats going on. This article above is a prime example of whats happening to big pharma companies who’re losing drug revenues for various reasons. It should show you why they’re trying to fool everyone on these drugs. Remember pharmaceuticals is one of the few things left in the West contributing to the GDP now manufacturing has been destroyed for the Post Industrial Zero Growth Society. Remember the pharmaceutical industry is controlled by The Worshipful Company of Apothecaries.
-=The Unhived Mind