Employment rate sluggish at large biotechs

16 August 2017

A look at employment rates in the biopharmaceutical sector has found that only three of the leading firms increased their headcounts last year.

The slowdown in hiring, reported by business intelligence firm Evaluate's EP Vantage, follows a buoyant 2015 in which only a few companies reduced staff numbers.

A review of companies’ annual reports shows that AbbVie (NYSE: ABBV), Roche (ROG: SIX) and Eli Lilly (NYSE: LLY) hired more staff in 2016 compared with the previous year - up 7%, 3% and 2% respectively.

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