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Eisai plans workforce cuts by 2015

07-Mar-2011

Related topics: Regulatory & Safety

Eisai has unveiled plans to cut around 100 jobs in Japan, 600 in the US and 200 in Europe by 2015 as Aricept and some of its key products start to face generic competition.

News of the cutbacks, detailed in the drugmaker’s ‘Hayabusa’ strategy presentation , comes just months after its blockbuster Alzheimer’s drug lost patent protection in the US and four weeks after Ranbaxy launched a generic version of the product.

Overall Eisai said it aims to generate revenue of 800bn yen ($9.8bn) in the financial year 2015, with growth of the East Asia and emerging markers India, Brazil, Russia and Canada being its key drivers.