On July 8, 2010
15,000 Layoffs at Merck Illustrate a Cruel Trend: More R&D Money = Fewer New Drugs
Merck (MRK)’s announcement that it will lay off 15,000 R&D and manufacturing workers in an effort to make $3.5 billion in annual savings illustrates a cruel economic trend in the drug business: The more money you pour into R&D, the
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