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Pharma Giant Cutting 400+ More North Jersey Jobs Ahead Of Major Drug Patent's Expiration Pharma Giant Cutting 400+ More North Jersey Jobs Ahead Of Major Drug Patent's Expiration
Pharma Giant Cutting 400+ More North Jersey Jobs Ahead Of Major Drug Patent's Expiration Pharmaceutical company Novartis is laying off more than 400 employees at its East Hanover facility as part of a restructuring effort tied to shifts in its cardiovascular drug portfolio.  Novartis disclosed the 427 layoffs in a Worker Adjustment and Retraining Notification (WARN) and a spokesperson confirmed the job cuts to the Daily Voice on Tuesday, Mar. 18. The layoffs will take place between Friday, June 13 and Friday, Oct. 24. The Swiss drugmaker with about 78,000 employees globally is adjusting its commercial model ahead of the upcoming loss of exclusivity for …

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by Chris Spiker
News
FBI Probes Alleged Arson Fire At NJ Home Of Bayer Exec: Report FBI Probes Alleged Arson Fire At NJ Home Of Bayer Exec: Report
FBI Probes Alleged Arson Fire At NJ Home Of Bayer Exec: Report A suspicious fire that broke out at the New Jersey home of a pharmaceutical company executive earlier this week is under investigation by multiple agencies including the FBI, authorities said. Yahoo Finance was first to report the alleged attack on a Bayer executive March 4 in Morris County. The blaze broke out at a home on East Lane in Madison at approximately 7:30 that morning, according to Meghan Knab, a spokesperson for the Morris County Prosecutor's Office. The fire was quickly extinguished by local firefighters and the home did not suffer significant damage. Knab could not confirmed t…

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by Cecilia Levine
Business
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts. The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported. Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…

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by Chris Spiker
Business
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Nearly 300 employees in Lawrenceville will lose their jobs as part of a pharmaceutical company's major cost-cutting measures, officials said. Bristol Myers Squibb will lay off at least 290 employees in 2025, according to a Worker Adjustment and Retraining Notification (WARN) notice in February. A company spokesperson confirmed the layoffs to the Daily Voice on Monday, Mar. 3. The company will begin 223 of those layoffs on Thursday, May 22, and continue them through Friday, Aug. 1.  "We are optimizing operations across the company while prioritizing investments in innovative and t…

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by Chris Spiker
News
Brazen Burglar Breaks Into Wegmans Pharmacy Brazen Burglar Breaks Into Wegmans Pharmacy
Brazen Burglar Breaks Into Wegmans Pharmacy SEE ANYTHING? Police were trying to identify a burglar who broke into the Wegmans pharmacy in Montvale and stole medications Thanksgiving morning. Motion sensors alerted security around 10:30 a.m. Thursday, but the bandit quickly fled the store with an "unknown quantity of packaged pharmaceuticals," Montvale Police Chief Joseph Sanfilippo said. Surveillance images show the burglar wearing a large greyish coat with black fur around the hood, black pants and shiny black shoes. Detectives were investigating. Meanwhile, the chief asked that anyone who might have seen something or has informat…

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by Jerry DeMarco
Police & Fire
Mahwah Generic Drug Maker Among 20 Companies, 16 Individuals Accused In Price-Fixing Scheme Mahwah Generic Drug Maker Among 20 Companies, 16 Individuals Accused In Price-Fixing Scheme
Mahwah Generic Drug Maker Among 20 Companies, 16 Individuals Accused In Price-Fixing Scheme A Mahwah-based generic drug manufacturer was among 20 companies accused of participating in what authorities called “one of the most egregious and damaging price-fixing conspiracies in the history of the United States.”  A complaint filed by the 44 states in U.S. District Court in Connecticut also accuses 16 individuals of participating in the scheme. More than half of the drug companies and five of the individual defendants – all of whom are drug company executives responsible for sales, marketing, pricing and operations -- are from New Jersey. They include Glenmark Pharmaceuticals I…

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by Jerry DeMarco