AstraZeneca to Cut 400 Jobs in the US
The decision of the job cuts comes as AstraZeneca faces increasing pressure from generics as the company approaches a 2016 patent cliff.
Britain's second-largest drugmaker AstraZeneca plans to cut 400 jobs in the company's US base in Delaware.
The move comes as AstraZeneca faces increasing pressure from generics as the company approaches a 2016 patent cliff, with its Crestor and Seroquel medications facing generic pressure when protection expires.
It has been planned that 70 of the 400 cuts will come from existing vacancies and employees will be allowed to apply for voluntary redundancy, with decisions to be finalised by early December.
AztraZeneca North America head Rich Fante said: "These changes are necessary to build a leaner, more efficient company."
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