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DewDiligence

09/09/14 5:10 PM

#181734 RE: DewDiligence #179797

AUXL to lay off 30% of workforce:

http://finance.yahoo.com/news/auxilium-pharmaceuticals-inc-announces-corporate-210000459.html

Auxilium has identified annual cost savings totaling greater than $75 million, which includes reducing headcount by approximately 30 percent, the majority of which will be immediate, realigning the commercial organization from three into two sales forces, focusing its R&D efforts and expenditures and improving manufacturing efficiency.