Purdue Pharma L.P. Reorganizes And Cuts One-Third Of R&D
6/18/2014 10:50:42 AM
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Taking a page from the big pharma playbook, Purdue Pharma is eliminating one-third of its research and development apparatus as part of a reorganization that will now emphasize acquiring or licensing medicines that are developed elsewhere.
As a result of the move, approximately 100 employees will be let go, according to a Purdue spokesman, although he says that the company’s one R&D facility, which is located in Cranbury, N.J., will remain open. The drug maker, which is based in Stamford, Ct., currently employs about 1,700 people, including sales reps scattered around the country.
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