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The company said it had to cut costs in part because it had suffered some setbacks in developing drugs.
Pfizer said yesterday that it would cut 7,800 workers, close several manufacturing and research sites and overhaul its business practices in hopes of coping with competition from cheaper generic drugs and setbacks in developing new products.
Still, Roche executives were expected to review how to overhaul the company's pharmaceuticals business, which has been faced with setbacks in developing new drugs and the expiration of drug patents.
The Pentagon had to tell Congress last week of another round of setbacks in developing one piece of the Star Wars puzzle: an infrared satellite system crucial to the project.
Roche, the Swiss pharmaceutical giant, recently said it is planning job reductions because of growing resistance to paying for high-priced drugs and because of setbacks in developing new products.
Pharmaceutical companies have been shedding jobs, mainly in sales and marketing but also to some extent in research and development to cope with the loss of sales from generic competition and setbacks in developing new products.
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Population explosion has created a grave setback in the economic growth and all-round human development in developing countries.
"The real setback will be longer term in their jump in developing that intellectual property, whether that's in producing marijuana or developing brands or discovering new uses for cannabis in the medical field," he said.
Despite its recent setbacks, Diageo hopes that by the end of its 2016 fiscal year, sales in developing countries will be half of its total, up from 45% in the year gone by.
Snap did notch a possible setback Tuesday when Google announced that it had poached head of research Jia Li, an expert in developing software that recognizes objects and scenes in digital images.
It is the latest setback for the program, which was long seen as the nation's best hope for taking a worldwide lead in developing ways to capture and bury carbon dioxide from coal burning.
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CEO of Professional Science Editing for Scientists @ prosciediting.com