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flag New Jersey drugmakers cut jobs due to falling sales, patent expirations, and rising competition.

flag Major pharmaceutical companies in New Jersey, including Bristol Myers Squibb and Merck, are cutting jobs amid declining sales and looming patent expirations for key drugs. flag Bristol Myers Squibb’s Eliquis faces fierce competition and deep discounts, while other products struggle in saturated markets. flag Merck is seeing reduced Gardasil demand in China and faces a 2028 patent expiry for its top-selling cancer drug Keytruda. flag Though companies cite restructuring, analysts say layoffs reflect broader industry pressures from biosimilars, pricing competition, and shifting global demand, impacting thousands of high-paying jobs.

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