Broad-based shakeup at Alexion will see fifth of workforce fired

13 September 2017

Connecticut, USA-based Alexion Pharmaceuticals (Nasdaq: ALXN) has announced a wide-ranging restructuring plan in which it will cut a fifth of its workforce, consolidate manufacturing facilities, axe funding for certain research programs and relocate its headquarters to Boston, Massachusetts.

As previously announced, funding for the ALXN1101 (cPMP replacement therapy) and ALXN6000 (samalizumab) programs will be cut off, and partnerships with Moderna Therapeutics, Blueprint Medicines and Arbutus Biopharma terminated.

Multiple Alexion manufacturing sites will be shuttered, including the Alexion Rhode Island facility and other regional and country-based offices.

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