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ARTICLE | Company News

Pernix Therapeutics neurology news

August 15, 2016 7:00 AM UTC

In July, Pernix restructured its sales organization and reduced overall headcount by 60 (about 23%). The cuts include 54 sales positions, primarily from the neurology sales team, and 6 administrative positions. Pernix prioritized and reorganized its sales territories to reduce driving distances between customers, improved its compensation plan to incentivize field sales staff to increase the frequency of calls on focused targets and consolidated its neurology and pain sales forces under one sales management structure to eliminate redundancies. The company expects the changes to result in $10 million annualized savings, beginning this quarter. ...