Another 700 jobs to go in pharma during gloomy week

9 December 2016

The announcement that 700 US jobs are to be cut by one of pharma’s big names comes in the week that two other leading companies are to slash their workforce.

Anglo-Swedish company AstraZeneca (LSE: AZN) blamed the loss of exclusivity of its products, changing external pressures and a need to lower US revenues in 2017 for the 700 job losses.

"This is a difficult time for our entire US organization"

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