Hello, everyone, and nice to see you again. We apologize for our absence much of yesterday, but we had a personal matter that required attention. Sometimes, life intrudes, yes? Now, though, we have returned and have fired up the coffee kettle as we settle in for another busy day that will be punctuated by cups of stimulation. Please feel free to join us. Meanwhile, here are some tidbits. Hope you have a smashing day and do keep in touch. We are not hard to find …
Teva Pharmaceuticals denied reports that up to 6,000 employees will be laid off, or as much as 11 percent of its workforce, Reuters writes. The drug maker did acknowledge that a restructuring is underway that includes a hiring freeze and ending unprofitable activities. However, Globes reports that Teva recently fired dozens of employees in Israel who are on personal contracts as part of the cutbacks and plans further layoffs to lower debt.
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…absolutely cool, the CEO of buy-some-company-and-close-it-just-to-keep-the-patents Pfizer says the so-so-inventive US-Pharmas are blackmailed by bad-bad European drug pricing authorities.
Still not over it not buying AZ? Bad looser…