Endo Wields The Axe Again As It Eyes $95m Annual Savings

Two US Manufacturing Sites To Close; Other Measures Taken

Hundreds more jobs are to go at Endo under further cost-cutting measures, including the closure of multiple sites serving the US-based player’s Generics business. Management discussed the issue on Endo’s third-quarter earnings call.

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Endo is eyeing up to $95m in pre-tax cash savings through the measures • Source: Shutterstock

Endo International will exit US generic manufacturing sites in Irvine, California and Chestnut Ridge, New York, as well as active pharmaceutical ingredient manufacturing and bioequivalence study sites in India, as part of broader cost-cutting efforts geared towards streamlining the company’s operations and increasing overall efficiency.

Tailored towards optimizing the US-based player’s Generics retail business cost structure, the site closures are to be conducted using a...

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