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Business
Targeted Genetics Has Deal With Genzyme
by Michael McCoy
September 14, 2009
| A version of this story appeared in
Volume 87, Issue 37
Targeted Genetics has sold manufacturing and other technology related to adeno-associated viral vectors to Genzyme for up to $7 million. Genzyme licensed the technology back to the Seattle-based firm for use in specified drug discovery programs. Since November 2008, Targeted Genetics has reduced its workforce by 80% to 15 employees. CEO B. G. Susan Robinson says the company now has enough cash to continue operating through 2010.
The power is now in your (nitrile gloved) hands
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