Acorda Restructures, Cuts Jobs By 25% With No Deals, Big Debt On The Horizon
Executive Summary
Acorda is cutting jobs to save $21m annually and otherwise lowering expenses for a total of $60m in reduced costs in 2020 to focus on marketing Inbrija, but looming overhead is $345m in debt due in 2021. Meanwhile, ex-US partners and company buyers appear nowhere in sight.
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