Companies / France
Regulations Force Sanofi-Aventis To Restructure
October 2006 | Company News AlertBecause of cost-cutting measures imposed by domestic regulators, French firm Sanofi-Aventis - Europe's leading pharmaceutical company - is to eliminate 500 jobs at its headquarters. Simultaneously, the country's Health Minister has decided against removing a selection of medicines from the reimbursement list, instead enforcing 20% price cuts or lower reimbursement rates for the products. BMI views both developments as typical for Western Europe, where governments are desperately trying to control rising healthcare costs and companies are constantly looking at ways to remain
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