Pharma company Shire to cut up to 180 UK R&D jobs
LONDON (Reuters) - Pharmaceuticals company Shire is cutting up to 180 British research and development jobs as it scales back drug development programmes beyond its focus on rare diseases.
The cutbacks will affect Shire's main British office in Basingstoke, southern England, where it employs 520 people, a Shire spokesman said on Thursday.
Chief Executive Flemming Ornskov is streamlining the company's R&D pipeline around its most promising prospects in rare diseases, where drugs can command prices in the hundreds of dollars for a year's treatment.
The job losses are another blow to Britain's scientific base after AstraZeneca, Britain's second-largest drugs company, said earlier this year it would close its Alderley Park labs in northwest England with the loss of 550 R&D jobs and the transfer of a further 1,600 to Cambridge.
- Tweet this
- Share this
- Digg this
- UPDATE 7-Tennis-Paris Masters men's singles round 3 results
- Kurds' battle for Kobani unites a people divided by borders
- RBS takes 400 million pound forex hit and warns more to come
- British banks buoyed by new rules on risk buffers
- Japan's central bank shocks markets with more easing as inflation slows |