New CEO Szela cuts Aegerion staff again, pulls Juxtapid out of the EU
Aegerion Pharmaceuticals CEO Mary Szela is taking out the ax for the second time in five months, chopping off another 13% of its staff and pulling its drug Juxtapid out of the EU and “certain other” underperforming markets.
The latest cuts leave the Cambridge, MA-based company with about 60% of the staff it started the year with, leaving about 120 employees with pink slips.
Aegerion is concentrating its sales efforts in the U.S. and key markets like Brazil, looking to out-license the drug to partners who can make a better go of it. But it won’t exit the EU entirely, leaving behind a group to help prep Myalept (metreleptin for injection) for an anticipated launch next year. The new move is designed to carve out $25 million to $35 million in annual expenses.
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