MORE OHIO NEWS
News from region's first prime-time newscast. You'll find it First On Fox!
DRUG COMPANY CLOSING-OHIO
Ohio cancer drug manufacturer stopping production by end of year, eliminating 1,100 jobs
Reported by: Associated Press
Reported: Thursday, October 3, 2013 7:59 PM EDT
A northeast Ohio company that manufactured cancer drugs is closing, and more than 1,000 jobs will be lost.
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.