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Roche to cut 20% of Boulder workers 69 jobs to be lost as drug maker changes strategy.(Business)
- Article from:
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Rocky Mountain News (Denver, CO)
- Article date:
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October 19, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Roger Fillion, Rocky Mountain News
The Boulder unit of Swiss pharmaceutical company Roche Holding AG is laying off 69 employees, or almost 20 percent of its work force.
The cuts reflect a change in Roche's overall business strategy.
Roche Colorado spokesman John Tayer said the company is refocusing its efforts on products involving highly active compounds and peptides, used in such drugs as the HIV treatment Fuzeon that Roche makes and sells.
Roche, by contrast, is scaling back work involving small molecule products.
"It's part of Roche's global strategy," Tayer said. "And in that strategy we've been targeted as a center of excellence for ...
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