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Biotechnology & Pharmaceutical specialist

BMS Decision to Lay Off 2,200 Employees Comes After M&A Spending Spree This week, several Big Pharma companies reported first-quarter 2024 financial results. Biogen beat Wall Street’s profit expectations and reported a spike in the uptake of its Alzheimer’s disease therapy Leqembi, and Novartis raised its 2024 outlook on strong drug sales. Meanwhile Roche’s Q1 sales slipped due to a continued drop in demand for COVID-19 products and the appreciation of the Swiss franc. However, the biggest news of the week was Bristol Myers Squibb’s announcement that it will reduce its headcount by 6%, laying off approximately 2,200 employees, or nearly 30% of all biopharma jobs lost so far in 2024, according to BioWorld. https://lnkd.in/eh8B-JDg

Svelt Kristo, MSc, CCRA, CRA Consultant

Founder of CRA School & Access-Pharma Group,Consultant at Trial Medical Group Bulgaria & Access Clinical Research Jobs

4mo

"Fit for growth" is the new name for lay-offs

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