Welcome to another working week. We hope your weekend was pleasant and relaxing, and that you feel refreshed. Now, of course, the routine resumes and that means meetings and deadlines await. As always, we have gathered a few items to help you along. So grab your cup of stimulation and dig in. And have a good day. See you soon...
Lilly Says Health Care Reform To Crimp Results (Reuters)
Covance To Close Michigan Facility (Kalamazoo Gazette)
AstraZeneca Says Flying Ban Doesn't Threaten Meds (Dow Jones)
Astellas Won't Raise Bid For OSI (Bloomberg News)
Glaxo's Japan Unit To Disclose Doctor Payments (Reuters)
Elan May Spin Off Drug Delivery Unit (Bloomberg News)
1 Comment
Another blow to Kalamazoo and to the State of Michigan, which has the highest unemployment rate in the country. Let's hope that Covance will do the right thing and pay to relocate as many of those laid off as possible, for there are simply no jobs for them locally. In today's climate of massive downsizing in Pharma and related businesses I'm not holding out hope.
The CRO's have done a good job of managing cost through this period. This is probably another reason they've been able to do it.