Sun Pharma shuts two R&D units in India; cuts 85 jobs

Sun Pharma shuts two R&D units in India; cuts 85 jobs

7:21 AM, 3rd August 2019
Sun Pharma logo

GOREGAON, MUMBAI: Sun Pharmaceutical Industries said that it would be discontinuing operations at research and development centres in Vaodara i.e. Tandalja and Akota.

The company has also laid off some employees working at the two units. It, however, did not disclose the exact number. Market sources peg the number at 85 personnel who have been terminated and given three months’ salary in advance.

A Sun Pharma spokesperson said, "While we continue to make investments in our R&D operations, we also constantly evaluate our resources and future capacity requirements to bring in efficiencies in cost and processes. To ensure optimal utilisation of Clinical Pharmacology Units (CPUs) that conduct bio-equivalence studies, we are discontinuing operations at two centers at Tandalja & Akota, Vadodara."

The company also added that the bio-equivalence studies from these centres will be transferred to its other facilities. "We are offering full support to the affected employees and helping them with outplacement services. We are intimating all regulatory authorities and ensuring that we comply with all regulations," the spokesperson added.

The company is working on optimising costs as pricing pressure in the US grows.

Source: Business Standard



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

PPG launches new water-based epoxy coating

PITTSBURGH, US: PPG has launched PPG AQUAPON WB EP water-based epoxy coating featuring a fast-drying, ultra-low volatile organic compound (VOC) formul ...

Read more
Biocon, Mylan launch biosimilar of Herceptin cancer drug in Australia

BENGALURU, INDIA: Biocon Ltd and Mylan NV has launched Ogivri (trastuzumab), a biosimilar to cancer drug Herceptin1 (trastuzumab) in Australia. Ogivr ...

Read more
Linde starts up new gas production facility in Singapore

GUILDFORD, UK: Linde has started up new gas production facility in Singapore. The facility will supply methane, hydrogen and carbon dioxide to Evonik ...

Read more
Brenntag to acquire Chemgrit Cosmetics in South Africa

ESSEN, GERMANY: Brenntag AG has signed an agreement to acquire the operating business of Chemgrit Cosmetics (Pty) Ltd, headquartered in Johannesburg, ...

Read more
AkzoNobel’s new sustainable primer qualified by Boeing

AMSTERDAM, NETHERLANDS: A chromate-free exterior primer developed by AkzoNobel’s Aerospace Coatings business has been newly qualified by aircraf ...

Read more
McDermott wins offshore EPCI contract by Saudi Aramco

HOUSTON, US: McDermott International Inc has been awarded a large contract by Saudi Aramco to provide engineering, procurement, construction and insta ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X