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Sanofi to close northeast England plant
Mar 15th, 2012
PARIS (Reuters) - French drugmaker Sanofi said on Thursday it plans to close a plant in northern England as it contends with European health spending cuts and growing competition from generic drugs. The Fawdon plant near Newcastle, which makes drugs including top-selling blood-thinner Plavix for the British and European markets, is expected to close by 2015 with a loss of around 450 jobs, a company spokesman said. Sanofi is reorganising some of its research and development and manufacturing operations as it prepares for the arrival of generic rivals to Plavix in May. ... (Source: Reuters) -
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