By The Burrill Report: After a week of speculation AstraZeneca (AZN) officially announced plans to eliminate thousands of jobs as part of a restructuring designed to save the company $1.6 billion annually by 2014. The 7,300 jobs being slashed will amount to nearly a 12 percent reduction in the company’s workforce. Approximately 3,750 jobs will be eliminated in the sales and marketing and assorted administrative operations groups, 2,200 positions will be axed from research and development, and 1,300 cuts will come from operations, says the company. Among R&D cuts, the Neuroscience department took perhaps the biggest hit, as the drugmaker detailed its intent to form a ‘virtual’ neuroscience Innovative Medicines unit that will include only a small team of scientists who will work on discovery and development externally with academic and industry partners.
A former safety consultant to Takeda Pharmaceuticals (TKPHF.PK) has accused the company of deliberately neglecting to inform physicians that some of
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