Medicines Co. cuts U.S. sales force

The Medicines Co. (NASDAQ:MDCO) disclosed in an SEC filing on Friday that it will reduce its U.S. sales force by 43 (26%). The company expects annual costs savings of $8-$9 million from the reduction, which it expects to complete by the end of the month. Further details were not disclosed. The company reported $172 million in cash at Sept. 30, 2009, and non-GAAP net income of $20.9 million, or $0.40 per share, for the first nine months of 2009. Medicines Co. was off $0.03 to $7.68 on Friday. ...