Haas lost her six-figure job at Sanofi-Aventis in New Jersey last year. She now works one or two days a week on contract at a Philadelphia university. She dips into savings to make ends meet.
“Scads and scads and scads of people” have been cut, Haas said. “Very good chemists with PhDs from Stanford can’t find jobs.”
Largely because of drug industry cuts, the unemployment rate among chemists now stands at its highest mark in 40 years, at 4.6 percent...
“We probably have already cleared out a lot of the so-called low-hanging fruit,” says Derek Lowe, author of the pharma industry blog In the Pipeline. [...]
“Everyone’s frantically trying to come up with something because of course the rewards of finding a good drug that meets an unmet medical need … are tremendous still,” Lowe says. But, right now, “no one really knows how to increase the number of clinical successes.” All we really know how to do is to "cut costs on the other end,” he says.
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