pharmaceuticals

Supreme Court Nixes Overtime Pay For Drug Reps

Supreme Court Nixes Overtime Pay For Drug Reps

By Mark Sherman WASHINGTON (AP) -- The Supreme Court has ruled that sales representatives for pharmaceutical companies do not qualify for overtime pay under federal law, a big victory for the drug industry. In a 5-4 decision Monday, the court's conservative majority concluded that the roughly 90,000 people... Read More »

Drugmaker Eli Lilly Eliminates 2012 Pay Raises In Cost-Cutting Move

Drugmaker Eli Lilly Eliminates 2012 Pay Raises In Cost-Cutting Move

Anyone employed in the pharmaceutical industry knows it's been a tough few years for large drug companies. With few new blockbuster drugs coming down the pipeline and patents expiring on the current crop of profitable ones, many well-known drugmakers have taken strong medicine to cut expenses, including... Read More »

Drugmaker AstraZeneca Poised To Cut 3,000 More Jobs, Report Says

Drugmaker AstraZeneca Poised To Cut 3,000 More Jobs, Report Says

It's been a tough few years for the pharmaceutical industry and for the workers employed within it. A dearth of new drugs and other business challenges have led many companies to make dramatic cutbacks in spending that have resulted in thousands of layoffs. And the bloodletting isn't over yet. Analysts... Read More »

Novartis To Cut Almost 2,000 U.S. Jobs This Year

Novartis To Cut Almost 2,000 U.S. Jobs This Year

GENEVA (AP) -- Swiss pharmaceutical company Novartis AG says it is cutting 1,960 jobs in the United States this year. Read More »

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