Tag:

Pharmaceutical Industry

Plainsboro, NJ
Business
Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve' Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve'
Plainsboro-Based Ozempic Maker Cutting Thousands Of Jobs: 'Our Company Must Evolve' Drugmaker Novo Nordisk will slash thousands of jobs in a sweeping effort to keep the company competitive in the pharmaceutical industry. Novo Nordisk will lay off about 9,000 workers worldwide, the Danish company said in a news release on Wednesday, Sept. 10. The cuts amount to roughly 11.5% of the pharmaceutical giant's 78,400 global positions. The maker of drugs like Ozempic and Wegovy has its US headquarters in Plainsboro, NJ. "As the global leader in obesity and diabetes, Novo Nordisk delivers life-changing products for patients worldwide," said CEO Mike Doustdar. "But our ma…

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by Chris Spiker
Quakertown, PA
News
Biotech Leader, Mom, Toddler Found Dead In Car Outside Quakertown Home: Bucks County Coroner Biotech Leader, Mom, Toddler Found Dead In Car Outside Quakertown Home: Bucks County Coroner
Biotech Leader, Mom, Toddler Found Dead In Car Outside Quakertown Home: Bucks County Coroner A mother and her 3-year-old son were found dead in a car outside their Quakertown home, the Bucks County Coroner’s Office announced on Tuesday, June 10. Agnes Dawidowicz, 42, and her son Charlie Dawidowicz, 3, were discovered unresponsive in a vehicle parked at their residence on the 2100 block of Barley Drive on Sunday, June 8, authorities said. They were pronounced dead at the scene around 5 p.m. on Sunday, June 8. The causes and manners of death remain under investigation, according to the coroner’s office. Agnes Dawidowicz was a clinical research professional and biotechnology expert w…

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by Jillian Pikora
Ossining, NY
News
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…

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by Chris Spiker
Harrisburg, PA
News
$49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG $49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG
$49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG If you purchased certain generic prescription drugs between 2010 and 2016, you might be eligible for a refund as part of a $49.1 million multistate settlement, Pennsylvania Attorney General Michelle Henry announced on Monday, Nov. 4. Pennsylvania joined 50 states and territories in a settlement with Heritage Pharmaceuticals and Apotex over alleged price manipulation and market control, impacting consumers by inflating prices and limiting competition. The companies will pay a combined $49.1 million and cooperate in ongoing multistate litigation, led by Connecticut, targeting 30 companies and …

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by Jillian Pikora
Springfield, MA
Obituaries
Passionate, Always Smiling: Loved Ones Remember Mom, Son Killed In Western Mass Murder-Suicide Passionate, Always Smiling: Loved Ones Remember Mom, Son Killed In Western Mass Murder-Suicide
Passionate, Always Smiling: Loved Ones Remember Mom, Son Killed In Western Mass Murder-Suicide Driven and walking: That's how family and friends remembered Dylan and Sima Pariseau, the mother and son killed in a murder-suicide in Hampden County earlier this month.  Sima's longtime partner, Peter Donaldson, is believed to have shot and killed the two in the basement of their home in Wilbraham home on June 16 before turning the gun on himself, the Hampden District Attorney's Office has said.  Related: Police Release Details, IDs In Wilbraham Murder-Suicide Obituaries for the Pariseaus paint the picture of a passionate young man at the beginning of a promising career and…

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by Josh Lanier
Lynn, MA
News
Company At Fault In Explosion That Killed Father Of 2 In Newburyport: OSHA Company At Fault In Explosion That Killed Father Of 2 In Newburyport: OSHA
Company At Fault In Explosion That Killed Father Of 2 In Newburyport: Osha After an investigation, the Occupational Safety and Health Administration found that a Newburyport pharmaceutical company could have prevented the death of one of its employees if it had followed safety protocols. The federal agency suggested $300,000 in fines.  Jack O'Keefe, 62, of Methuen, was killed when a pressure vessel exploded at a Seqens plant in May, partially tearing the roof off of the building.  Photos from the explosion show pieces of large machines thrown hundreds of feet outside of the building.  We expect to remain on scene throughout the day, and lik…

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by Josh Lanier
Elizabeth, NJ
Obituaries
Longtime Cranford Resident Jane Heyburn Dies, 60 Longtime Cranford Resident Jane Heyburn Dies, 60
Longtime Cranford Resident Jane Heyburn Dies, 60 Longtime Cranford resident Jane Heyburn died on March 18, surrounded by her family at home, her obituary says. She was 60 years old. A 1980 graduate of Cranford High School, Jane went on to earn her degree in business management from the University of Phoenix, prior to a 38-year career in the pharmaceutical industry, according to her obituary. Jane was being remembered as an avid gardener who loved to dance and spend time at the Jersey Shore. She is survived by her husband, Don; daughters Alexandra and Jessica; sisters Elizabeth Curry and Laureen Eldridge; and a host of nieces, nephews and…

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by Cecilia Levine
Mamaroneck, NY
Obituaries
Former Chief Of Larchmont Fire Department Dies At 55 Former Chief Of Larchmont Fire Department Dies At 55
Former Chief Of Larchmont Fire Department Dies At 55 A man who was once the fire chief of a department in Westchester County has died.  Brian Payne of Larchmont died on Saturday, Nov. 12 at the age of 55, according to his obituary.  Payne, a longtime member of the Larchmont Fire Department from 1989 to 2007, served as Chief from 2001 to 2004, and was also a committed member of the Town of Mamaroneck Fire Department from 2007 until his death, his obituary said. Payne enjoyed the sense of camaraderie that came with volunteering, according to his obituary.  "He loved the sense of community of both departments, and in learni…

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by Ben Crnic
Briarcliff, NY
News
NY Jury Finds Pharmaceutical Company Liable In Opioids Case NY Jury Finds Pharmaceutical Company Liable In Opioids Case
NY Jury Finds Pharmaceutical Company Liable In Opioids Case Teva Pharmaceuticals, the last remaining defendant in a New York trial against opioid defendants, has been found liable for creating a public nuisance through its manufacture, sale, and distribution of opioids. The verdict from a Long Island Supreme Court jury came Thursday, Dec. 30, after six months of testimony in a trial brought by the State Attorney's General Office, along with Nassau and Suffolk counties. “This is a significant day for New York state. This is a significant day for this nation. But, more importantly, this is a significant day for every family and community torn apart by…

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by Kathy Reakes
Lewisboro, NY
Business
Closure By Company In Area To Result In 72 Layoffs Closure By Company In Area To Result In 72 Layoffs
Closure By Company In Area To Result In 72 Layoffs Dozens of employees at a Hudson Valley company will be out of a job as the plant plans to move its operations out of state within the next two years. In Putnam County, Carmel-based Silarx Pharmaceuticals, which has been a fixture in the region for more than six years, filed papers with the state with the intention to transfer production to a facility in Indiana. The move will result in layoffs for all 72 of the pharmaceutical company’s employees, who are expected to be let go between March 2022 and June 2023, when it plans to move out of the Hudson Valley. Silarx Pharmaceuticals was founde…

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by Zak Failla
Fort Lee, NJ
News
Feds Charge Bergen Drug Company Owner With Embezzling $3.9M Feds Charge Bergen Drug Company Owner With Embezzling $3.9M
Feds Charge Bergen Drug Company Owner With Embezzling $3.9M Federal agents arrested the former chief executive officer and owner of a Bergen County pharmaceutical firm on Monday and charged him with embezzling millions of dollars from the company, authorities confirmed. John Klein, 75, transferred $3.9 million into an account that he tapped, in part, to pay credit cards charges for him and his wife, as well as for his kid's tuition, Acting U.S. Attorney Rachael A. Honig said. Formerly of Alpine and currently living in Palisades Park, Klein has been sued in federal court by several people with whom he either worked or collected investment money from …

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by Jerry DeMarco
Brentwood, NY
News
Long Island Man Admits Scamming $3.5M From Investors Long Island Man Admits Scamming $3.5M From Investors
Long Island Man Admits Scamming $3.5M From Investors A Long Island man admitted on Monday, Nov. 1 that he scammed investors in a purportedly revolutionary new aspirin out of $3.5 million that he used as his own personal piggy bank. Donald A. Milne III, a 57-year-old repeat offender from Massapequa, defrauded more than 70 victims from throughout the country who thought they'd invested in Instaprin Pharmaceuticals, which he touted as a “fast-acting form of powdered aspirin that could instantly stop heart attacks and strokes," Acting US Attorney for the District of New Jersey Rachael A. Honig said. He used the money instead for a Caribbean vacat…

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by Jerry DeMarco
Massapequa, NY
News
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic New York is joining several other states in winning a multi-billion dollar settlement - one of the largest in the country’s history - with Purdue Pharma for its role in the opioid epidemic that has plagued the US for years. Gov. Andrew Cuomo announced a $4.5 billion settlement with the pharmaceutical company that will put them out of business after falsely marketing its products to get Americans hooked on opioids. The owners of Purdue Pharma, the Sackler family, will pay out a total of $4.325 billion over the next nine years, with New York State receiving approximately $200 million. Cuomo …

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by Zak Failla
Armonk, NY
Real Estate
Prime Vacant Office Space Soars To 62 Percent In Northern Westchester Prime Vacant Office Space Soars To 62 Percent In Northern Westchester
Prime Vacant Office Space Soars To 62 Percent In Northern Westchester According to the latest quarterly report by JLL, the vacancy rate for office space has hit 62 percent in Northern Westchester, more than three times higher than submarkets in southern Westchester, which have a combined vacancy rate of approximately 20 percent.  JLL's research from the third quarter of 2017 also founds rents are down in general and that countywide, the vacancy rate is nearing 25 percent -- nearly five percent higher than 2013.  It remains to be seen whether the IBM and Pepsi campuses in Somers will have futures as multi-tenant offices, the JLL report said. Average asking re…

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by Jon Craig