Media/Analyst Viewpoint The details are sparse, but the company says in its newly released Q3 update that it plans to create a “competitive and more agile R&D organization that can accelerate the pipeline, streamlined operations and realigned manufacturing capabilities that broaden biologics capabilities to reflect current and future portfolio. The new operating model will enable the company to deliver the strategic, financial and operational flexibility necessary to invest in the highest priorities across the company.”

• John Carroll, 10/27/2016