Two Biotech Firms Slash Staff Levels | Chemical & Engineering News
Volume 86 Issue 38 | p. 37 | Concentrates
Issue Date: September 22, 2008

Two Biotech Firms Slash Staff Levels

Department: Business

Cytokinetics, a South San Francisco-based small-molecule biotech drug company, is reorganizing its research operations to focus on its muscle biology programs and to advance drug candidates in its clinical pipeline. The company will discontinue oncology research activities, reducing its workforce by nearly 30% to 111. Meanwhile, Memory Pharmaceuticals, in Montvale, N.J., is reducing its staff of about 55 employees by more than half to cut costs and focus on clinical development.

 
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