Biogen acquires Reata and cuts 1,000 jobs
Drug Discovery World
JULY 31, 2023
The news follows an announcement by the company last week that it would cut around 1,000 jobs, or 11% of its workforce, to allow investment into its product pipeline. In its second quarter results, the company said its new ‘Fit for Growth’ programme would generate approximately $1 billion in gross operating expense savings.
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