Ohio drug company closing, 1,100 jobs to be lost

  • October 3, 2013

BEDFORD, Ohio (AP) — A northeast Ohio company that manufactured cancer drugs is closing, and more than 1,000 jobs will be lost.

Ben Venue Laboratories Inc. said Thursday it will stop production by the end of this year. The Bedford company says all 1,100 jobs will be phased out starting this month and continuing into next year.

The company voluntarily shut down two years ago due to quality problems at its factory. It said last October it had resumed limited drug manufacturing and was upgrading its facilities.

Ben Venue says the investment needed to sustain production isn’t viable. It projected operating losses of about $700 million over the next five years.

Ben Venue is part of the Germany-based Boehringer Ingelheim family of companies.


blog comments powered by Disqus

Jury convicts three men in Western Pennsylvania heroin ring

Pennsylvania orders youth mental health facility closed

Richard Shearer, former Alderson-Broaddus president, dies

Activist, ex-mayoral candidate gets prison for 911 calls

Warden resigns at jail where inmate murder suspect escaped

Jury seated, openings conclude in ex-Massey CEO’s trial

Ohio girl’s 911 call as dad killed by car helps mom get job back

30 federal prisoners to be released in Western Pennsylvania

Woman awarded $1.6 million over DuPont chemical in water

Bankruptcy judge approves chemical spill company’s plan