Wednesday, July 25, 2007

Aspreva cuts

British Columbia-based Aspreva said Wednesday it will cut 33 jobs, or 25 percent of its workers, and replace its chief scientific officer as part of a restructuring plan.

The responsibilities of Dr. Richard Jones, who is leaving the company, will be assumed by Dr. Usman Azam, the company's chief medical officer. The move comes after a June announcement that an experimental lupus drug in a late-stage trial failed to meet objectives.

Source

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