Regeneron Cuts Some Staff as It Reworks Partnership With Sanofi - (Bloomberg via NewsPoints Desk)

  • Regeneron Pharmaceuticals said it plans to eliminate some jobs as it restructures its partnership with Sanofi, reported Bloomberg.

  • "We will be reducing the size of our commercial and medical affairs teams related to the Kevzara and Praluent restructuring," a Regeneron spokeswoman said.

  • She added "we are currently talking to impacted teams and individuals and they will be given the opportunity to apply for other open roles where possible."

  • Specifically, Regeneron said there will be no roles at the company for the rheumatoid arthritis drug Kevzara, which Sanofi is expected to gain global rights to under the restructuring. 

  • In regards to Praluent, Regeneron is cutting 15 field and supporting staff in New York in mid-February as part of the restructuring. 

  • Regeneron staff across the country may also be affected, though the company declined to comment further because it said it is still finalizing specifics.

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