BMS to Shutter Ex-Amylin Facility - Redundancies Inevitable

By Dan Stanton

- Last updated on GMT

Related tags: San diego, Bristol-myers squibb

BMS to Shutter ex-Amylin site
BMS to Shutter ex-Amylin site
Bristol-Myers Squibb says shuttering Amylin’s San Diego facilities will accelerate its diabetes R&D joint venture with AstraZeneca though approximately 300 jobs will be lost.

The $5.3bn (€4.1bn) acquisition​ of Amylin Pharmaceuticals last year added new products and manufacturing capacity to Bristol-Myers Squibb's (BMS) diabetes business.

Now, nine months on, BMS, has announced it intends to shutter Amylin’s ex-headquarters in San Diego, US by the end of 2014.

BMS spokesman Frederick Egenolf told in-Pharmatechnologist.com that the move would impact staff employed at the Amylin site, explaining that: “We are eliminating redundant positions in order to simplify our operations, reduce costs and increase our efficiency.

He went on to say that “By the end of 2014, we plan to have all work being done in San Diego transitioned to other Bristol-Myers Squibb sites,”​  adding that “Amylin employs about 420 people in San Diego. Most work in commercial, R&D, manufacturing, corporate staff and administrative roles.”

According to Egenolf an estimated 100-125 employees will be offered the opportunity to relocate to the other sites, whilst the rest – mostly in commercial, corporate staff or administration – would be offered severance packages.

He also warned that “there will continue to be staffing reductions throughout the integration process.”

Diabetes JV

BMS has been collaborating with AstraZeneca​ to develop diabetes drugs since 2007 and the 2012 purchase of Amylin was seen as a positive boost to a dwindling development pipeline and a number of regulatory setbacks.

The two companies received a complete response letter​ from the US Food and Drug Administration (FDA) for its sodium-glucose cotransporter 2 inhibitor, dapagliflozin, in January 2012 (though it did get the thumbs up from European regulators late last year).

At the time of the takeover, AstraZeneca interim-CEO, Simon Lowth, said the deal provided partner BMS with “an excellent platform to unlock the potential of Amylin’s differentiated treatments.”

Amylin assets high-lighted by AstraZeneca at the time included its GLP-1 franchise and two insulin analogs as well as its sterile commercial manufacturing facility in Ohio. No mention was made of the San Diego site.

Related news

Show more

Related products

show more

A Better Approach, for Better Pain Trials

A Better Approach, for Better Pain Trials

Signant Health | 27-Sep-2021 | Technical / White Paper

Pain studies face unique challenges. For one, pain severity can only be truly assessed by the patients themselves. The controlled substances that are often...

Local lab Data Management

Local lab Data Management

Q² Solutions | 01-May-2020 | Data Sheet

When a clinical trial requires local or point-of-care laboratory testing, managing the resulting data can be a significant burden to both the sponsor and...

Related suppliers

Follow us

Products

View more

Webinars