Bioscience

MDS finds buyers for Pharma Services; 275 jobs will be lost

February 11, 2010

By Flinn Foundation

[Source: Outsourcing Pharma] – MDS has agreed to sell its Pharma Services division, with a CRO and private investors lined up to buy different sites, but approximately 275 employees will lose their jobs during the transition.

The deals to sell the discovery and early stage businesses exclude MDS’ site in Montreal, Canada, which will close down in stages over the next 12 months. Closure of the Montreal site, and redundancies at some other early stage facilities, will result in the loss of approximately 225 jobs.

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