In a Money Saving Effort Johnson & Johnson will Trim Six Percent Jobs in its Medical-Device DivisionSubmitted by Ryan Bilanich on Wed, 01/20/2016 - 07:45
In a recent step taken by Johnson & Johnson to perk up its struggling business, the company said on Tuesday, it would trim approximately three thousand jobs in the medical devices division.
The positions that will be eliminated accounts for 2.5 percent of the 127,000 global employees and six percent of its medical-device division.
Martin Shkreli's arrest has brought troubles for the pharma companied that he was connected to. KaloBios, the San Francisco based drug company has recently filed for bankruptcy. It earlier fired Shkreli as its CEO.
Things that Martin Shkreli files touches seems to with away and that's seems so true looking at the companies that he was linked to.
Martin Shkreli, the American entrepreneur and financial and pharmaceutical executive recently hit the headlines for all the wrong reasons. He was arrested earlier this month on charges of securities fraud.
Last month he took over KaloBios, the troubled drug maker, which under these circumstances of his arrest filed for Chapter 11 bankruptcy on Tuesday.
J. Michael Pearson, Valeant’s Chief Executive Officer Spent Christmas in Hospital for ‘Severe’ PneumoniaSubmitted by Amit Pathania on Sat, 12/26/2015 - 08:25
Martin Shkreli, was arrested on Thursday for securities fraud charges which he denied. He is the same pharmaceutical executive well known and criticized for his stance of spiking the price of a vital drug. Thirty two year old Shkreli, the ex- hedge fund manager was arrested early in the, morning on Thursday. He was however freed on a $5 million bond.