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Bellus cuts nearly half of workforce in cash-saving drive

This article was originally published in Scrip

Executive Summary

Bellus Health has cut its workforce by almost half to retain cash. The move will result in annual savings of around Cdn$3.5 million ($2.7 million). The cuts, effective immediately, affect around 45% of Bellus's workforce, primarily in basic research, research-related, support and administration roles.

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