Eli Lilly (NYSE: LLY ) intends to lay off salespeople as it faces pending U.S. patent expirations. The company is "restructuring its sales force to adapt to changing customer realities, evolutions in the health care environment and upcoming loss of exclusivity for two major products," according to a statement from J. Scott MacGregor, Lilly USA communications director.
The two biomedicine drug patents at issue are Cymbalta, which expires in December, and Evista, which expires in March 2014. Employees were notified of the sales force reduction on Wednesday. The Associated Press reports the job cuts will happen by July 1.
MacGregor also noted the planned expansion of the company's diabetes sales force for�the planned launches of two diabetes-related medicines that "are in our late stage pipeline." He would not confirm the number of sales representatives the company intends to release due to the U.S. patent expiration, or the number of additions to its diabetes unit.
Top 5 Healthcare Equipment Companies To Invest In Right Now: Cape Bancorp Inc.(CBNJ)
Cape Bancorp, Inc. operates as the holding company for the Cape Bank that provides a line of business and personal banking products to retail customers and small and mid-sized businesses primarily in Cape May and Atlantic Counties, New Jersey. Its deposit products include non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposit. The company?s loan products portfolio comprises commercial mortgage loans, one-to-four family residential mortgage loans, commercial business loans, construction loans, home equity loans and lines of credit, and other consumer loans. It operates through its 16 full service branch offices located in Atlantic and Cape May counties in southern New Jersey; and a loan production office in Burlington County. The company was founded in 1923 and is based in Cape May Court House, New Jersey.
Top 5 Healthcare Equipment Companies To Invest In Right Now: Acea Spa(ACE.MI)
Acea S.p.A. engages in water, networks, energy, and environment and energy businesses in Italy and internationally. It is involved in the management of energy, environmental, and water services; the production, sale, and distribution of energy; the development of renewable sources; the disposal and creation of energy from waste; and the public and artistic lighting, as well as the provision of integrated water service, including aqueducts, sewerage, and purification. The company is based in Rome, Italy.
Best Financial Stocks To Buy Right Now: Las Vegas From Home.Com Enterta (LVH.V)
Las Vegas From Home.com Entertainment Inc. engages in the development and marketing of software for online multi-player interactive card games. The company provides LVFH Gaming Platform that offers an array of real-money and play-for-fun games, including poker, Asian, and casino games with a library of tournament formats in download and in-browser versions. Its poker games include Texas Hold'em, Omaha, and Guts; Asian games comprise Mahjong & Mahjong 1-on-1, 13 Card Poker (Chinese Poker), Big 2 & Super Big 2, Fight the Landlord, and Si Ki Pi (Bao Bao); and casino games consist of multiplayer blackjack, card games, table games, and video pokers. Las Vegas From Home.com Entertainment Inc. was founded in 1980 and is headquartered in Vancouver, Canada.
Top 5 Healthcare Equipment Companies To Invest In Right Now: Optical Cable Corporation (OCC)
Optical Cable Corporation designs, manufactures, markets, and sells fiber optic, and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company offers fiber optic cables for military field applications, and indoor and outdoor use; and copper datacom cables, including unshielded and shielded twisted pair for copper network installations. It also provides fiber optic connectivity products, such as fiber optic wall mounts, cabinet mounts and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories; and copper connectivity products, including category compliant patch panels, jacks, plugs, patch cords, faceplates, surface mounted boxes, distribution and multi-media boxes, copper rack mount and wall mount enclosures, cable assemblies, cable organizers, and other wiring products for datacenter, telecommunications closet, equipment room, and workstation applications. In addition, the company offers data cabinets, wall-mount enclosures, cable management systems, and open frame relay racks for commercial and residential use; various enclosures, modules, and modular outlets for single dwelling and multiple dwelling residential uses; and cellular distribution system, a distributed antenna system for in-building enhancement of wireless communications signals. Further, it provides applied interconnect systems, such as specialty fiber optic connectors and connectivity components, ruggedized copper datacom connectors, and related systems and solutions for military and harsh environment applications. The company sells its products to distributors, original equipment manufacturers, value-added resellers, and end-users. Optical Cable Corporation was founded in 1983 and is headquartered in Roanoke, Virginia .
Top 5 Healthcare Equipment Companies To Invest In Right Now: Hi-p International Limited (H17.SI)
Hi-P International Limited provides design, electromechanical parts, modules, and product manufacturing services to customers in telecommunications, consumer electronics, computing and peripherals, lifestyle, medical, industrial devices, and automotive markets. The company primarily engages in the design and fabrication of mold; precision plastic injection molding; assembly; and precision metal stamping, as well as offering ancillary value-added services, such as surface finishing services. It is also involved in the manufacture of molds and related housing appliance plastic components; plastic injection parts and components; plastic product modules; mold base and components; in-mold decoration lenses; electromechanical components; metal precision components; metal and nonmetal stamping, molds, and electric components; and molds and special tools, as well as provision of spray painting, engineering support, advisory, maintenance, and technology consultation services. In ad dition, the company engages in developing, designing, and manufacturing automated machinery and equipment; manufacturing, assembling, and trading flexible printed circuit boards and flexible rigid printed circuit boards; and manufacturing precision stamped metal components and precision tools, as well as designing and fabricating dies. It has operations primarily in the People's Republic of China, Singapore, Poland, the United States, and rest of the Americas. The company was founded in 1980 and is headquartered in Singapore.
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