Belt-Tightening Biogen Looks To Narrow Therapeutic Focus

Despite beating sales estimates for its blockbuster oral multiple sclerosis therapy Tecfidera, Biogen Inc. has decided it needs to cut costs, announcing Oct. 21 a plan to reduce headcount by 11% and prune some non-core programs from its pipeline.

On its third quarter earnings call, the big biotech unveiled its corporate restructuring at the same time that it disclosed...

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