InterMune to chop 60 workers in wake of FDA’s rejection

Faced with a recent FDA demand for a new trial of its lung drug pirfenidone, InterMune has brought out the budget axe. The Brisbane, CA-based developer (ITMN) says it is cutting 40 percent of its workforce, or 60 people. It's a far cry from InterMune's preliminary plans to double or perhaps even triple its workforce if it won an approval. Now InterMune is projecting that the cuts can save the developer $12 million a year after taking a special charge of $2.4 million in the second quarter....