Layoffs
In addition to the layoffs, the company is also looking to divest its Infectious Disease Business.
The particular areas where sales jobs will be thinned are primary care, disease-focused endocrinology and hospital chronic care.
Novartis is closing its generic-drug manufacturing facility in Broomfield, Colo., which will cut 450 jobs over two years.
PhaseRx has undertaken a strategic restructuring that includes the termination of 50 percent of its staff.
An investor decision to renege on acquiring more than $3 million worth of stock has created a financial catastrophe for Biostage.
PRESS RELEASES
