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New Jersey drugmakers cut jobs due to falling sales, patent expirations, and rising competition.
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.
Bristol Myers Squibb’s Eliquis faces fierce competition and deep discounts, while other products struggle in saturated markets.
Merck is seeing reduced Gardasil demand in China and faces a 2028 patent expiry for its top-selling cancer drug Keytruda.
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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Las farmacéuticas de Nueva Jersey recortaron empleos debido a la caída de las ventas, expiraciones de patentes y aumento de la competencia.