Vyteris cuts staff by 33%

By Lisa Kerner

Erie, Pa., Jan. 31 - Vyteris Holdings (Nevada), Inc. announced a 33% reduction in its workforce. The staff cuts are intended to optimize the company's resources to meet its immediate commercial opportunities, according to a company news release.

The workforce reduction reflects Vyteris' current inventory level of its LidoSite (dermal analgesic) product. The company said it has enough LidoSite in inventory to satisfy anticipated demand through December.

No other details about the workforce reduction were given.

Vyteris Holdings (Nevada) is a specialty pharmaceutical company based in Fair Lawn, N.J.

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