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Daiichi to cut 280 U.S. jobs in restructuring

Published 02/28/2018, 03:16 PM
© Reuters.  Daiichi to cut 280 U.S. jobs in restructuring
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  • Aimed at streamlining its U.S. operations, Daiichi Sankyo (OTCPK:DSKYF)(OTCPK:DSNKY) will cut 280 jobs.
  • President, Administrative and Commercial Ken Keller says, "Our priorities are to bring spending in line with revenue, shift resources to maximize Injectafer and our abuse-deterrent pain treatments, and prepare for exciting potential new treatments for patients with cancer being developed by our R&D organization. While the decision to reduce our workforce is a very difficult one, the changes are necessary to position us for long-term success. We are grateful for the contributions of all employees, and we are committed to making this process as easy and as streamlined as possible."
  • Affected employees will be offered outplacement services, severance and other support.
  • Now read: 2018 Strategic Outlook: Will Fortune Favor The Bold In Biotech?


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