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Pfizer cuts 150 jobs in Ireland

  • Pfizer (PFE -0.2%) is cutting 150 positions at a plant in Ireland.
  • "Ireland remains a key strategic location for PFE with many of our leading and newest medicines manufactured here and the company continues to make investments in the Irish operations," VP Paul Duffy says.
  • Nevertheless, loss of exclusivity on some key drugs has apparently conspired with heightened generic competition to create "redundancies."
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