Immunex cutting costs and pushing development

Noteworthy

Immunex cutting costs and pushing development

Behind the modest cutbacks announced at Immunex Corp. Iies a more fundamental shift in resources and direction aimed at bolstering the company's ability to move products through development.

IMNX last week eliminated 37 staff positions as part of a program to lower expenses and improve efficiency. The Seattle company now employs 775 people, down from 841 earlier in the year. The changes will bring