Replies to post #150065 on Biotech Values

[DewDiligence]

Lonza cuts 500 jobs:

http://www.reuters.com/article/2012/10/31/us-lonza-idUSBRE89U0GQ20121031

Swiss drugs industry supplier Lonza plans to cut 500 jobs, including 400 at its main plant in southern Switzerland, as it grapples with low-cost competition, a strong Swiss franc, and higher raw material prices.

Perhaps a small number of the eliminated jobs can be attributed to setbacks in the FoB partnership with Teva (#msg-80236315, #msg-34930012).