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Merck plans to begin employee cuts

After implementing streamlining measures in Switzerland, pharmaceutical and chemical company Merck is to begin cutting the red tape in Germany. Specifically, it aims to reduce employee numbers by 1,100, from 10,900 now to 9,800 by the end of 2015. Redundancies are not...

Generics companies have successful 2012

The expiring patents of branded pharmaceuticals have had a positive effect on the sales revenues in the generics industry, to the effect of $37 billion. Alone in 2012, pharmaceutical brands stand to lose $37 billion in sales revenue, as their patent protection...