Merck Lays Off Saphris Sales Team

NJ-based Merck filed a WARN notice indicating the layoff of 152 Saphris sales representatives in response to the drugmaker's early December sale of the rights to its antipsychotic drug to Forest Laboratories for $240 million.

The layoffs are based in Upper Gwynedd, PA and will be effective Feb. 3, 2014.

Read the Philly.com press release

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