Javelin says it will cut 15 percent of workforce
CAMBRIDGE, Mass. A drug maker that develops pain medications announced Friday that it would lay off 15 percent of its workforce to reduce costs.
Javelin Pharmaceuticals said it would give additional details on cost-cutting measures in a year-end conference call.
“We have taken difficult but necessary actions to reduce fixed costs across the organization to conserve and extend valuable development dollars,” chief executive Martin Driscoll said in a statement. “Today’s organizational changes are being effected in support of our priorities to file high-quality regulatory submissions in the U.S. and the E.U. for Dyloject and Ereska in 2009 and consummate successful commercialization partnerships for our late-stage acute pain care product portfolio.”
Dyloject is known generically as diclofenac sodium injection. Ereska is a nasal inhalant known generically as intranasal ketamine. Both drugs are in phase 3 testing.
Sepracor may get incentives to keep its business local
MARLBOROUGH, Mass. Drug maker Sepracor might get tax breaks for building in its hometown.
The MetroWest Daily News reports that the company is constructing new buildings in Marlborough, Mass., and will create 250 new jobs. Local officials proposed the tax breaks to give Sepracor incentives for further development, and the company may save $4.1 million.
The city’s finance committee will vote on the proposal Monday.
H-E-B, RediClinic open largest U.S. retail clinic in Houston area
HOUSTON Clinic operator RediClinic has opened its 15th Houston-area convenient care clinic in the new H-E-B store that, according to the Convenient Care Association, is the largest retail-based clinic in the United States.
The 926-square-foot clinic features three exam rooms and a room specifically for blood draws.
“We are delighted to be expanding out footprint in our home market with the opening of our 15th Greater Houston clinic,” said Web Golinkin, chief executive officer of RediClinic. “The larger clinic design in H-E-B’s new Bunker Hill store enables us to treat more patients and gives us more flexibility in adding new services.”
RediClinic operates 21 clinics in H-E-B stores in Houston and Austin; and 15 clinics in Wal-Mart stores in Atlanta, Ga.; Fayetteville and Rogers, Ark.; Richmond, Va.; and Tulsa, Okla.