Biotech Values

[Biowatch]

Job cuts
http://news.google.com/news?hl=en&ned=&q=pharmaceutical+company+job+cuts&btnG=Search+New....

JNJ 4800 jobs 3-4% of work force Aug 1, 2007 #msg-21712713
AZN
July 26, 2007 "AstraZeneca has announced a further 4,600 job cuts as part of its ongoing restructuring programme, taking the total job loss figure at the pharmaceutical firm to 7,600." (10%) #msg-21567268
BMY unknown number 7/26/2007

"The latest moves by J&J follow cutbacks by several large pharmaceutical companies amid pressure from generic competition and a shortfall of new products. Last week, AstraZeneca PLC and Bristol-Myers Squibb Co. announced plans for job cuts, and over the past two years, companies such as Pfizer Inc. and Merck & Co. have let thousands of employees go."
http://online.wsj.com/article/SB118588088022183302.html