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Few Redundancies' Between PharmAthene, Inc. (PIP) and Theraclone Sciences, Inc. Means No Layoffs


8/6/2013 8:10:48 AM

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No layoffs are expected at PharmAthene Inc. after the Annapolis, Md.-based drug development company merges with Seattle-based Theraclone Sciences Inc., a Theraclone spokeswoman said Friday. PharmAthene (NYSE MKT: PIP) is one of the largest biotechnology companies in the Baltimore area. The company, founded in 2001, employs 54 people, including 13 Ph.D.s, at its facility in Annapolis.

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