Biotech Values

[Biopharm investor]

2008 Layoffs in pharma

Here's a link to a site with a chronological list of all pharma/biotech layoffs over the past couple of years.

http://www.fiercebiotech.com/tags/layoffs

"For every Big Pharma layoff, there seemed to be five small companies cutting a portion of their workers. An inhospitable funding environment made it difficult for many smaller companies to raise capital, and they were forced to cut jobs and non-essential programs in order to stretch their cash. These smaller cuts didn't make it into our top five but you can see a full list of this year's layoffs here [link above]. And here is the list of the top 5 layoffs of 2008":

1. Merck - 8,400 jobs

2. Schering-Plough - 5,500 jobs

3. Wyeth - 5,000 jobs

4. UCB Pharma - 2000 jobs

5. AstraZeneca - 1,400 jobs

6. Abbott - 1,000 jobs