Healthcare Business Recap: J&J’s New Manufacturing Process, NuPathe Cuts Workforce

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Johnson & Johnson (NYSE:JNJ) has applied for both United States and European Commission approval of a new manufacturing process which should permit a short-term fix to its Doxil cancer drug’s supply shortage. Under the firm’s plan, its existing contract drug maker Ben Venue Labs would produce Doxil, as a second supplier would take care of other tasks like ensuring that the drug is sterile.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Merck & Co. (NYSE:MRK) intends to transfer its world headquarters within New Jersey from Whitehouse Station, to its existing property in Summit, which currently hosts its manufacturing, research, animal health and consumer care operations and is also home to 1,800 people. The transition process is expected to begin in 2014 and should be completed by mid-2015.

NuPathe (NASDAQ:PATH) expects to cut 50 percent of its workforce of nearly 40 employees, so as to reduce expenses and concentrate on winning approval for its NP101 migraine patch. The firm will also decrease marketing costs, and delay the application for its NP202 drug for schizophrenia and bipolar disorder until it gets a partner. In addition, NuPathe is attempting to raise $28 million in financing.

Investing Insights: Is Pfizer’s Stock a Buy Now?

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business