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HEALTH

Times Staff and Wire Reports

Allergan to Cut 450 Workers, Take Charges: The Irvine-based maker of therapeutic products for eye and skin care said it will eliminate 450 jobs--7.5% of its 6,000 employees--and take charges this year of as much as $75 million as the drug company adjusts to recent costly acquisitions and a slowdown in business. Allergan Inc., which has been struggling for months with above-average costs, said it plans to use money saved from the cutbacks to develop and market new products. Despite the cost-cutting measures, analysts say Allergan remains a likely takeover target for much larger drug companies. Among the casualties of the drug company’s reorganization is its chief operating officer, Richard M. Haugen, whose position is being cut.


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