July 30, 2015By Mark Terry, BioSpace.com Breaking News Staff Reportedly, almost 200 former GlaxoSmithKline (GSK) employees who were transferred earlier this year to Parexel (PRXL) are being laid off today. The company has declined to comment directly on the matter. In December 2014, Boston, Mass.-based Parexel (PRXL) announced it was hiring 450 former GSK employees. […]

Laval, Quebec-based Valeant Pharmaceuticals International, Inc. (VRX) announced today that it will acquire Mercury (Cayman) Holdings, the holding company of Amoun Pharmaceutical, for about $800 million and contingent payments. Amoun Pharmaceutical is one of the leading drug makers in Egypt. It has a large manufacturing facility in El-Oubour City, a suburb near Cairo, and five […]

On his first day as chief executive of Ligand Pharmaceuticals in January 2007, John Higgins was shown into a conference room in the biotech firm’s 135,000-square-foot San Diego headquarters. Inside was a table so mammoth, Higgins recalls, “you could practically land a corporate jet on it.” The new CEO immediately instructed the head of facilities […]

Thousand Oaks, Calif.-based Amgen (AMGN) is currently auctioning off its equipment from its campus in Longmont, Colo. It expects to shut down the 70-acre facility by the end of the year and is selling the entire package for $85 million. The campus includes six buildings that make up a manufacturing building, utilities, two quality control […]

June 29, 2015By Alex Keown, BioSpace.com Breaking News Staff DURHAM, N.C. – Merck & Co. (MRK) terminated an unknown number of independent contractors this week at the pharmaceutical giant’s vaccine manufacturing site in central North Carolina, casualties of the company’s consolidation plan, WRAL reported this morning. WRAL noted that the terminations impacted “dozens” of Merck […]

Bristol-Myers Squibb Company (BMY) will relocate hundreds of workers to a new central research hub in Cambridge, Mass. which will open in 2018, the company told BioSpace Thursday, while laying off 100 workers from its discovery staff, primarily in Connecticut. “One hundred positions will be eliminated as a result of the Discovery virology research decision,” […]

Boston, Mass.-based PAREXEL International (PRXL), a contract research organization (CRO), in conjunction with its earning guidance Tuesday, also indicated it would be laying off 850 people as part of restructuring. The restructuring process is company-wide with the goal of improving productivity and efficiency, simplifying the company’s organization and streamlining decision-making. As part of the job […]

Eighteen executives at Ranbaxy Laboratories, including Indrajit Banerjee, the company president and chief financial officer, were terminated by parent company Sun Pharmaceutical Industries Ltd., the Economic Times of India reported this morning. More pink slips are expected to be delivered as Ranbaxy undergoes a restructuring following acquisition by Sun Pharma, the International Business Times reported. […]

June 15, 2015By Mark Terry, BioSpace.com Breaking News Staff Zoetis (GZTS), a spinoff of Pfizer Inc. (PFE), filed a WARN notice with the State of New Jersey last week indicating it planned to cut about 165 jobs by Dec. 31, 2016. WARN notices are part of the Worker Adjustment and Retraining Notification Act of 1989. […]