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Amgen to lay off 300 at Onyx, close South S.F. facility

2015-03-11 02:59:33| Biotech - Topix.net

Amgen Inc. will shed roughly 300 of 750 Onyx Pharmaceuticals employees and shutter the South San Francisco facility the giant biotech picked up in its $10 billion acquisition of Onyx less than 18 months ago. The move, following positive news last week on the signature drug of the Amgen-Onyx deal, is the proverbial shoe-drop that Bay Area biotech followers long expected as Thousand Oaks-based Amgen undertakes another restructuring, this time of its cancer drug business.

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Category:Biotechnology and Pharmaceuticals

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