Please login to the form below

Not currently logged in
Email:
Password:

Amylin Pharmaceuticals cuts 340 jobs

San Diego-based biopharmaceutical company Amylin has announced that as part of a restructure it will slash its workforce by 25 per cent

San Diego-based biopharmaceutical company Amylin has announced that as part of a restructure it will slash its workforce by 25 per cent with an expectation of reducing expenditure by more than $80m.

The company was founded in 1987 and developed the diabetes treatments Symlin and Byetta. Amylin is in collaboration with Eli Lilly & Co on the global development and commercialisation of Byetta (exenatide) – however the company has stressed that this partnership is unaffected by the restructure.

"We've made a difficult, but necessary, decision as a result of factors affecting our business," said Daniel M Bradbury, president and CEO at Amylin Pharmaceuticals. "Sales revenues have not met the expectations we had when we scaled up our organisation. Today's actions will bring operating expenses more in line with revenue and enable us to continue to achieve our business goals of increasing sales of Byetta and Symlin and bringing exenatide once weekly to market as quickly as possible.

"The restructuring and workforce reductions impact administration, operations, and research and development. We continue to work closely with our partner Lilly to enhance the effectiveness and efficiency of the commercial organisation."

Following the restructure, the company will employ approximately 900 staff in San Diego, with a total of 1,800 staff worldwide.

12th November 2008

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
infill healthcare communication

infill is a dynamic and innovative, international healthcare agency with >25 years' experience in delivering healthcare communication, medical education and...

Latest intelligence

50 questions for delivering an exceptional healthcare brand experience
Our 50-question brand planning checklist for healthcare ensures you deliver an exceptional experience, based on what your stakeholders want and need...
The brand strategy revolution
Introducing a new tool for developing a stakeholder-centric brand, based on the experience your patients and their HCPs want and need....
How Medisafe is using AI to improve patient adherence
Dina Patel speaks to Omri Shor, Co-Founder and CEO of Medisafe, to find out how his medication management app is tackling the problem of poor adherence....

Infographics