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The nonprofit watchdog Private Equity Stakeholder Project (PESP) warned of potential layoffs at the time of the acquisition, and executive director Jim Baker said in a statement following the news that the layoffs underscore the risks that come with turning essential healthcare providers into private equity portfolio companies. In addition to reducing staff, Sycamore has allegedly taken cost-cutting measures including eliminating paid holidays and adding products like vapes into Walgreens stores, Bloomberg reported

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Biochem Biophys Res Commun 161 : 113120

One is a licensed therapy with an established benefit-risk profile