AstraZeneca Recruits Former Pfizer Scientist

Martin Mackay - AstraZeneca Recruits Former Pfizer ScientistAs reported in the Daily Telegraph, AstraZeneca has recruited leading Scientist Martin Mackay who was previously working at the pharmaceutical company, Pfizer, to lead its research and development operations.

Mackay joined Pfizer in 1995 as head of pharmatherapeutics R&D and was a member of the executive leadership team.  He is set to join AstraZeneca on 1st July 2010 and will be taking on the role of president of R&D.

Speaking of Mackay’s arrival to the team, chief executive of AstraZeneca, David Brennan, said the scientist had “impeccable scientific and leadership credentials combined with extensive experience of the pharmaceutical industry”. He added: “I am delighted he is joining us. We have a clear and unambiguous commitment to creating value through innovative biopharmaceuticals with research and development at the heart of our strategy.”

The recruitment of Mackay represents the British drug makers attempt to overhaul its R&D operations and strengthen its drug pipeline.

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New Addition to Liverpool Science Park

An innovation centre has been opened at Liverpool’s science park.

The innovation centre, called ic2 has been funded by both the Northwest Regional Development Agency (NWDA) and the European Objective One.

The innovation centre will provide facilities such as laboratory equipment, flexible tenancy agreements, specialist business support and high-speed broadband to the science companies in the area.

According Mark Hughes, the Executive Director of the NWDA, the scientific sector is a crucial player in driving the economy in the region.

“The launch of the second innovation centre at [Liverpool Science Park] will help to attract new science and knowledge-based companies to the city, as well as enabling existing companies to expand, creating new jobs and bringing in new investment,” he added.

Since it’s opening in 2006, the Liverpool’s science park has attracted 22 science companies to the area.

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Site Chemist (Waste and Environmental) – Yorkshire

A Site Chemist is required to join a hazardous waste transfer station to be based in Yorkshire, UK.

The main aims of this Site Chemist role will include:

  • Checking inbound loads for compliance to waste management licence / permit and applicable statutory legislation.
  • Processing waste to reduce commercial liability and prepare for safe onward disposal.
  • Providing technical and operational assistance to the location.

The successful candidate for this Site Chemist job will hold a degree or equivalent in chemistry or a related subject and must be prepared to work outdoors for approximately 70% of the time.

This Site Chemist job also demands a candidate with experience of working in the waste industry. You must also be of an assertive nature and be confident in their chemical ability (whether from you degree of past experience).

Working hours for this Site Chemist role will be staggered so flexibility is a must.

Apply Now

For more information, or to apply for this Site Chemist job, please contact Victoria Walker at CK Science on 0114 2839956 or email vwalker@ckscience.co.uk. Please quote reference SH19629 in all correspondence.

Alternatively, click here to apply for this Site Chemist job online now.

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Retail Pharmacist – Gloucester, UK

A Retail Pharmacist is required to control and dispatch products purchased by the public through this company’s online shop based in Gloucester, UK.

This Retail Pharmacist job is a part-time position and you will be required to work 3 – 4 hours a day, over 5 days a week, (either 11am -3pm or 12 – 4pm).

As a Retail Pharmacist, your main responsibilities will include:

  • To ensure the online store complies with codes of ethics and standards.
  • To dispense medicines in accordance with appropriate guidelines,
  • To provide advice and counselling to customers.
  • To check dosages and ensure medicines are safely supplied and labelled and maintain SOPs.

The ideal candidate for this Retail Pharmacist job will be a practicing pharmacist with a good knowledge of over the counter medicines and industry legislations. Strong written and verbal communication skills are also required as there is no face to face interaction with the public in this position.

Apply Now

For more information, or to apply for this Retail Pharmacist, contact Philippa Robertson at CK Science on 0114 2839956 or email probertson@ckscience.co.uk. Please quote reference SH19833 in all correspondence.

Alternatively, click here to apply for this Retail Pharmacist job now.

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Laboratory Technician, North West, UK

A Laboratory Technician with a background in either the hot melt, epoxy or plastics sector is required for this expanding specialist manufacturing company based in the North West, UK.

Working as a Laboratory Technician, you will support the formulations laboratory by carrying out tests on formulations, whilst supporting the manufacturing plant through QC testing and troubleshooting.

The ideal candidate for this Laboratory Technician job will have experience of tensile and viscosity testing and be happy to work in a dynamic specialist environment.

This Laboratory Technician role is initially on a contract basis and requires candidates qualified to HNC/HND in Chemistry, polymer science or equivalent, with proven laboratory experience.

Apply Now

For more information, or to apply for this Laboratory Technician job, please contact Russell Oakley on 0114 2839956 or email roakley@ckscience.co.uk. Please quote SH19818 on all correspondence.

Alternatively, click here to apply for this Laboratory Technician job online now.

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CK Clinical Hosts FREE HR in Pharma Networking Event

HR in Pharma Networking EventCK Clinical is hosting a completely free HR in Pharma Networking Event. The event will be taking place on the morning of Friday 25th June 2010 at the Royal College of Physicians, London.

The HR in Pharma Networking Event is the first of its kind and aims to provide a useful insight into some current issues affecting HR Professionals working in the Pharmaceutical Industry. The event will also give HR Professionals a great opportunity to network with other professionals in the industry.

The schedule for the day is as follows:

  • 9:30am: Arrival and registration followed by a networking opportunity and of course tea and coffee!
  • 10:00am: A presentation by the REC – Quality standards and code of conduct that HR/Recruiters should expect from their recruitment partners followed by Q&A.
  • 10:50am: Tea and coffee break.
  • 11:00am: A presentation by Mike Taylor, an expert in using social media in recruitment. He will be speaking about how you can add value to your recruitment process using social media tools.
  • 12:00pm – Lunch and networking.
  • 1:00pm – Close.

So far confirmed to attend, we have HR Professionals from some of the world’s largest pharmaceutical companies, including Ipsen, Napp, Daiichi Sankyo, Merck Serono, Roche and Quintles and many more.

Places are limited for this unique event, so if this is something you or your colleagues would be interested in please contact Catherine Gutsell at cgutsell@ckclinical.co.uk to reserve your place.

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Manchester Chemicals Company Secures £7m Funding

Akcros, Chemicals Company, Chemistry Jobs, Manchester, North West, UKThe Manchester-based chemicals company, Akcros Chemicals has received more than £7m of funding.

The chemicals company, which provides additives used in the manufacture of plastic products, was forced to refinance as a result of the collapse of the Icelandic bank, Landsbanki.

Akcros was then approached by a number of banks before agreeing a flexible working capital facility with RBS’s asset-based lending (ABL) division, RBS Invoice Finance. The bank’s asset finance arm, Lombard, also provided new lending of approximately £700,000 to fund investment in new machinery at Akcros’s Eccles base.

Speaking of the funding injection, Richard Catchpole, Chief Executive Officer of Akcros Chemicals said “We are delighted to have agreed a new ABL facility with RBS, which provides us with the security and flexibility we require to achieve our growth objectives.

“Having to refinance during the depths of a recession was not ideal, but the strong relationship that we built with the team over the course of several months and the RBS ability to deliver a full one-stop-shop solution was key to us choosing them.

“During the downturn, we took action to align our business to the changing landscape and have managed to keep growing over the past year or so by developing new product lines and winning new customers in overseas markets.

“The results we’ve produced over the last year or so have justified our confidence in this strategy and the funding from RBS gives us security and flexibility as we continue to grow.”

Akcros Chemicals has an annual turnover of £60m and its products are exported to more than 50 countries worldwide. The chemical company employs 140 staff at its Manchester site, with the remainder working at its US subsidiary in New Jersey.

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Development Chemist (Fuels) – Essex, South East, UK

A Development Chemist is needed to join a world leading speciality chemical organisation based in Essex, UK.

Working as part of this Development Team specialising in fuels and performance fluids, as a Development Chemist you will be involved in the search and development of their wide range of chemical products.

Working as a Development Chemist your main duties will include:

  • Formulation and blending of the fuels and fluids.
  • Quality control (QC) testing of products
  • Providing technical support/analysis to both internal development teams
  • Carrying out track side testing of fuels at motorsport events.

To be considered for this Development Chemist role, you will have a degree in Chemistry or other related discipline (or equivalent) and proven practical experience of formulation and analytical testing of chemical based products.

This is an outstanding opportunity for a Development Chemist to work for one of the world’s leading Specialty Chemical organisations, which in return offers an attractive salary & benefits package as well as the opportunity to be involved in testing of products at some of the UK’s leading motorsport events.

Apply Now

For more information, or to apply for this Development Chemist job, please contact Andrew Bolton at CK Science on 01438 723 500 or email abolton@ckscience.co.uk. Please quote reference ST19837 in all correspondence.

Alternatively, click here to apply for this Development Chemist job now.

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Kirkstall Ltd is Hosting an In-Vitro Testing Event

blue-molecule-reverses-300x241The Yorkshire-based Biotechnology company, Kirkstall Ltd is hosting an event which will discuss the latest research into in-vitro testing.

Kirkstall Ltd develops innovative testing technologies at its Kroto Innovation Centre laboratories based in Sheffield. The biotech company will be hosting the event to discuss new developments in human-cell based testing in Montpellier in France on May 26th and May 26th.

Topics covered will span from regulatory procedures to reducing the need for animal testing. Not only this, but Sheila MacNeil, a professor at the University of Sheffield will be presenting her paper on 3d tissue engineering models for research and development.

Kirkstall recently received by than £100,000 of equity funding following its involvement in Grant Thornton’s Investing in Health programme. The funding has enabled the biotech company to further develop its technologies whilst building on its reputation. This has lead to the biotechnology company to win its first significant three-year contact in toxicity testing.

Managing Director of Kirkstall, Malcom Wilkinson, has stated, “We’ve had a fantastic response to the event so far with more than 90 people registered to attend. The key reason there is so much interest is that there are some serious unmet needs at the moment in toxicity testing which our technologies can address.

“It is a great opportunity to bring together leading researchers from the industry and also shows the benefits of working with academic research teams and key opinion leaders in the biotechnology market place.”

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Reopening of Cornish Mine – Create 250 Jobs

As reported in the Professional Engineer, 250 engineering jobs may be created as the mining company, Western United Mines (WUM) increases its activity across their sites in Cornwall, UK.

For the last 18 months, the mining company has recently been conducting exploratory drilling at the South Crofty mine near Camborne and is set to begin activities across additional sites in the area.

According to WUM, the investigations have found potentially commercially viable concentrations of base and precious metals in mine, including copper, lead, zinc, tin, silver, indium, tungsten and gold.

Speaking of the discoveries, John Webster, Chief Operating Officer at WUM stated, ‘We know these metals are down there, it’s just a case of getting to them.’

The exploratory drilling is set to continue for a further 12-18 months before the mining company begins to produce feasibility studies and a business plan.

Webster said, ‘We have 60 people on our books at the moment and that could rise to more than 300 across two or three sites as productions begins.’

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Manufacturing Technician – Biotechnology, Central Belt of Scotland

Six Manufacturing Technicians are required to join a leading pharmaceutical contract manufacturing company based in the Central Belt of Scotland.

Our client based in the Central Belt of Scotland requires a Manufacturing Technician to operate kilo scale processes to deliver high potency active pharmaceutical ingredients used in the treatment of cancer.

Once fully trained, as a Manufacturing Technician, you will operate chemical processing equipment and progress the manufacture of products to the desired yield and quality and to the required timescales, working on a shift system.

The ideal candidate for this Manufacturing Technician job will be educated to a minimum HNC or equivalent in process manufacture or similar, together with relevant industrial experience in chemical processing or bioprocessing. As a Manufacturing Technician , you should have worked in a cGMP, clean room environment following SOPs and/or batch records.

This Manufacturing Technician job is initially a three-month temporary role with a view to extending to a longer team permanent contract.

Apply Now

For more information, or to apply for this Manufacturing Technician job, please contact Graeme Pallas at CK Science at gpallas@ckscience.co.uk, quoting job reference no. DH19834 in all correspondence.

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CK Science Expand Their Scientific Recruitment Team

Graeme and Heather - CK Science, Science Jobs, Scientific Recruitment, UKDue to their continued success, CK Science, the specialist scientific and engineering recruitment consultancy, have once again expanded their scientific recruitment team by adding another recruitment consultant to their team.

Graeme Pallas will be joining the scientific recruitment team at CK Science’s Durham office and will initially be managing CK Science’s accounts for both GSK and Merck Sharp Dohme, covering the maternity leave of Heather Deagle who currently manages these accounts. Speaking of Graeme’s arrival to the team, Lorna Crombie, Director at CK Science, stated:

“We are delighted to welcome Graeme to our team in Durham as part of our continuing expansion of the office.  He will manage our key accounts for contingent workers, an area which has expanded rapidly for CK Science and where we see considerable scope for further development.  Graeme is a highly trained interviewer with very strong customer service skills and has already proved himself to be a valuable addition to our team.

It’s an important part of CK Science’s business approach to offer consistency and continuity of service to our clients and candidates alike and Graeme and Heather have already been working together for some time to ensure a smooth handover when Heather goes on maternity leave at the end of June. Her boundless energy, enthusiasm and good humour have contributed a great deal to the success of our temp section and I have every confidence that Graeme will continue her good work in her absence and contribute further to our growth on her return.”

CK Science is a leading independent scientific recruitment agency for science jobs. We successfully help some of the top scientific, chemical, biotechnology and pharmaceutical companies from around the world to recruit high calibre individuals to their science jobs.

Whether you are looking for a temporary contract member of staff to help with a short term need or a permanent addition to your team, CK Science has an excellent track record in sourcing staff for the scientific community. To discuss your scientific recruitment needs with a member of our specialist team, please contact us.

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Inflation Jump Impacts the Science and Engineering Industries

DNA StrandsAs reported on the Times Online website, in April 2010, inflation hit a 17-month high of 3.7 per cent. This was well above the Bank of England’s 2 per cent target.  This increase in inflation has had an knock-on effect on the science and engineering industries.

BAE Systems: The defence group has purchased four shipyards in the US for £238 million from Atlantic Marine, a privately held company. The yards have generated profits of $38 million.

Larsen & Toubro: The Indian engineering company has reported impressive quarterly results and is expecting a 20 per cent growth in revenue in the current fiscal year. This has been due to a pickup in orders which has sent shares surging.

Pfizer: The US pharmaceutical giant has announced that it will cut 6,000 pharmaceutical jobs. Read more at CK Clinical.

AstraZeneca: The pharmaceutical group has said to have settled it’s US patent dispute with Teva Pharmaceuticals, the Israeli generics company. AstraZeneca will allow Teva to sell a generic version of their Crohn’s disease drug, Entocort.

Ark Therapeutics: The gene therapy company has ended discussions about the sale of the company. However, they are still in talks about selling different parts of their business. Another blow for the company was their failure to get approval in Europe for Cerepro, a brain tumour treatment.

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What Type of Job Can Your Scientific Degree Get You?

Scientific researchRecently graduated? Confused about what kind of science job your scientific degree can get you?

Here are some possible career paths for graduates whom have graduated in the following scientific disciplines:

  • Biochemistry
  • Biomedical Sciences
  • Chemistry
  • Biotechnology
  • Microbiology
  • Biology
  • Food Science

 

Biochemistry:

  • Biomedical Scientist: A Biomedical Scientist carries out laboratory tests on human samples to help diagnose illness and to evaluate the effectiveness of treatment.
  • Pharmacologist: A Pharmacologist investigates how drugs and chemicals interact with biological systems.
  • Clinical Research Associate: As a Clinical Research Associate you well set up, monitor and complete clinical trials.
  • Clinical Biochemist: Clinical Biochemists analyse and interpret patients blood assist in the diagnosis of disease.

Biomedical Sciences:

  • Biomedical Scientist: See above.
  • Microbiologist: Microbiologists observe, identify and monitor microbes. They also develop new techniques, products and processes.
  • Research Scientist: Research Scientists plan and conduct experiments to increase the body of research into medicine.
  • Toxicologist: The main role of a Toxicologist is to plan and carry out laboratory and field studies to indentify and monitor the impact of toxic materials and radiation on human and animal health.

Chemistry:

  • Analytical Chemist: Analytical Chemists perform structural, quantitative, product and formulation analyses.
  • Clinical Biochemist: See above.
  • Scientist – Process Development: This job involves scaling up processes developed in the laboratory so that they can be used in large scale manufacturing.
  • Scientist – Product Development: This job involves taking ideas developed in the research stage and developing and formulating to the point where new products can be manufactured.
  • Toxicologist: See above.

Biotechnology:

  • Microbiologist: See above.
  • Clinical Research Associate: See above.
  • Clinical Molecular Geneticist: As a Clinical Molecular Geneticist you will use biochemical and molecular biology techniques to identify generic abnormalities associated with disease.

 

Microbiology:

  • Microbiologist: See above.
  • Toxicologist: See above.
  • Biomedical Scientist: See above.
  • Haematologist: Haematologists specialise in the study and analysis of blood and blood-forming tissues linked to disorders.

 

Biology:

  • Research Scientist (Medical and Life Science): See above.
  • Pharmacologist: As a Pharmacologist you will investigate how drugs and chemicals interact with biological systems. The aim of this job is to understand drugs and their actions so thy can be used effectively and safely.
  • Clinical Molecular Geneticist: See above.

Food Science:

  • Food Technologist/Scientist –Product Development: In this job you will work in three main areas:
  • 1. Product Development
  • 2. Quality Assurance
  • 3. Retailing

The main aim of a Food Technologists job is to produce food which is safe and nutritious and has a consistent flavour, texture and colour. You will also develop existing products.

Search for jobs in biochemistry, biomedical sciences, chemistry, biotechnology, microbiology, biology and food sciences now.

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Fear of Lack of Skilled Scientists & Engineers

Science Jobs, Engineering Jobs, UKAccording to the Independent, up to half of employers have reported that they are having difficulties recruiting suitably qualified candidates to their science, technology and engineering jobs.

According to the poll which surveyed 700 employers, A level subjects such as physics and chemistry would be the best subjects for students to choose to help boost their prospects of getting a great science job.  The importance of studying science to degree level was also emphasized by companies within the scientific industry.

Nigel Snook, chief executive of awards body EDI, which helped compile the report, said: “This year’s CBI/EDI education and skills survey highlights the importance of creating a clear strategy for vocational education and training which links the development of basic employment skills all the way through to the achievement of high level technical, professional and managerial qualifications.

“The transition from school, college or university to the world of work is still one of the most challenging stages in many people’s lives. Despite the fact that employers and government invest considerable sums of money and effort in this area, the survey demonstrates there is still work to do to more effectively harness these resources.

“In particular, there is clear evidence that more practical, experience-based teaching programmes better suit the learning styles of many young people, especially those who are likely to continue their education and development through vocational opportunities.

“The findings also suggest that there would be real benefits from improving the guidance given to young people on the options available to them, and simplifying the contribution of employers to work experience and apprenticeship programmes.”

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Increase in graduate science & engineering jobs

Graduate Science and Engineering JobsAs reported on the Independent website, according to research conducted by the Association of Graduate Recruiters, 40 per cent employers are planning to raise graduate recruitment this year. This could spark a rise in graduate science and engineering jobs.

The survey found that 60 per cent of the 100 companies surveyed said they are still open for applications, while 55 per cent said they had more confidence in the economy compared to three months ago. In addition, the careers website Graduate Prospects, have reported a 50 per cent increase in advertising from recruiters in January to April 2010, compared to the same period in 2009.

Chief Executive of Graduate Prospects, Mark Hill, stated, “Companies are taking on more graduates as the economy is rebounding. Graduates are not as well off as they were before the recession, but they are in a substantially better position. We hope and expect this trend to continue into 2011.”

Indeed the research and engineering company, Dyson, plans to double the number of engineers it employs, creating up to 350 opportunities for engineering graduates. The company head, James Dyson has highlighted the small number of female engineers in the UK and is said to be encouraging females to take on these new engineering graduate jobs. He stated, “We know that 4 per cent of teenage girls want to be engineers, 14 per cent want to be scientists, and 32 per cent want to be models. We need to change that attitude by improving the cultural recognition of science and engineering.”

His thoughts are further consolidated by Engineering UK, who have found that the UK has the lowest rate of female engineers in Europe. In fact, only 9 percent of engineering professionals are women, compared to 18 per cent in Spain, 26 per cent in Sweden and 20 per cent in Italy.

According to new research compiled by Engineering UK, the independent body that helps to promote engineers’ contribution to the UK, Britain has the lowest rate of female engineers in Europe. Only 9 per cent of our engineering professionals are women, compared to 18 per cent in Spain, 26 per cent in Sweden and 20 per cent in Italy.

Are you a recent science or engineering graduate? Click here to register your CV with CK Science.

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Research Scientist is required– London, UK

A Research Scientist is required to join an innovative Diagnostic Device Organisation based in London, UK.

Working as a Research Scientist, you will be responsible for the development of procedures for the conjugation of antibodies to a variety of fluorescent and phosphorescent labels and the immobilisation of antibodies and antigens to thermoplastic solid supports. You will also be involved in the design, formulation and development of novel immunoassays and microfluidic based assays for use on optical detection technology.

This is an outstanding opportunity to join a rapidly growing Diagnostic Organisation who are developing industry leading technology, which in return offers an attractive salary and benefits package.

To be considered for this Research Scientist role, you will hold a degree in Biochemistry, Chemistry or a relevant subject (or equivalent experience) and proven practical experience in the list or requirements.

The successful candidate for this Research Scientist job will have the following skills and experience:

  • Modification of surfaces for protein attachment (this may have been gained working within diagnostic devices, sensor technology or in a relevant field).
  • Antibody conjugation.
  • Drying down / dry formulation of reagents.
  • Proven practical experience developing immunoassays or microfluidic assays (advantageous but not essential).

 

Apply Now

For more information, or to apply for this Research Scientist job now, please contact Andrew Bolton at CK Science on 01438 723 500 or email abolton@ckscience.co.uk.

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University Science Jobs to Face Cuts

Process_Development_ChemistAs reported on the Financial Times website, science departments will be hardest hit by cuts in academic science jobs as universities are forced to react to the squeeze in public funding. This has sparked concern that the UK economy will face a shortage of scientific expertise.

A recent survey conducted by the Financial Times of over 40 universities revealed that there is plans to make cuts in science, technology, engineering and mathematics departments in universities across the country. A total of 99 of 131 academic institutions will face a cut in funding in the year 2011, according to the Higher Education Funding Council for England.

The cuts in university science jobs reflect the difficulties in maintaining subjects which require extensive facilities. Richard Lambert, Director General of the CBI stated “Science subjects are more expensive to teach than arts subjects, but they are of huge value to the economy.”

The results of the survey have brought about fears among business leaders and scientists that Britain could have insufficient science experts in its future scientific workforce to drive economic growth forward. Gail Cardew, head of programmes at the Royal Institution, one of Britain’s most renowned scientific bodies, said: “By 2014 there will be more than 2m extra jobs which need Stem skills. Where are these people going to come from if universities are going to make cuts in science teaching?”

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Kraft Foods Plan Cut 600 Jobs

Kraft Foods Plans to Cut 600 UK JobsHaving recently completed a takeover of Cadbury’s, the leading food manufacturer Kraft Foods is planning to consolidate its research and development facilities and headquarters to the UK. The move is set to cut up to 600 British jobs at their current site in Cheltenham.

Kraft Foods is the name behind some of the world’s top food brands Dairy Milk, Toblerone and Green & Blacks will make Bourneville in the West Midlands, the centre of it’s research and development activity. Both Cadbury’s and Kraft Foods staff on the Bourneville site to create a global ‘Centre of Excellence.’

Kraft will move its current offices based in Cheltenham in 2011 and will transfer to their new offices in Bourneville within the following 18 months. Kraft’s Cheltenham site currently employs 450 staff.

Nick Bunker, President of Kraft Foods UK & Ireland said: “The UK is one of the company’s most important markets. Kraft Foods has been here for more than 85 years and Cadbury, of course, was founded here.

“We would be very sad to leave Cheltenham and we would provide significant resources to support employees from all affected sites during the move.

“However, the business rationale is compelling. Having our R&D, customer service and support functions working side-by-side will enable us share more insights, act more quickly and execute more flawlessly, thereby accelerating our growth.”

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GSK Prepared for Pharmaceutical Drug Price Cuts

Pharmaceutical Jobs, Pharmaceutical Recruitment, UKAs reported in the Daily Telegraph, the global pharmaceutical company, GlaxoSmithKline (GSK) is well prepared to take cuts in pharmaceutical drug prices as government budgets are squeezed.

At yesterday’s annual meeting, Andrew Witty, GSK’s Chief Executive, reassured stakeholders that the pharmaceutical company was already experiencing prices cuts of 3% and that it was something they ‘were used to.

Witty stated, ‘We are moving into unpredictable times. Just in the last week, we have seen the government in Greece cut prices by 24% and Germany cut prices by 10%.”

Witty also recognised that these price pressures mean it is even more important that GSK offered “value-for-money propositions on great medicines that make a difference to people’s lives and are priced at a level for government’s to purchase.”

Pharmaceutical investors have recently been focusing their attention to the US, where health reforms are also driving down prices. Not only that but in Greece new regulations have been introduced resulting in cuts of up to 27% for the highest priced pharmaceutical drugs.

However, Citi yesterday stated that GSK had only 21% of sales exposed to potential European drug price action, the second lowest in the sector, “GSK is helped by the high level of sales from vaccines, over-the-counter and also its solid geographic mix.

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