Word: biotechs
(lookup in dictionary)
(lookup stats)
Dates: during 1982-1982
Sort By: most recent first
(reverse)
...Biotech comes to the drugstore...
...million in capital, Cetus Corp. of Berkeley, Calif., one of the industry's largest firms, shut down five of 13 major projects this past summer and ended probes into several other costly areas. A number of companies have failed only a year or two after their startup. Southern Biotech of Tampa filed for bankruptcy in June, after issuing $5.5 million in stock, because of "an unsuccessful research project...
...laid off 180 of its 460 employees and canceled many of its long-term research projects. Also in February, Collaborative Research Inc., of Lexington, Mass., was forced to cut the price on its initial stock offering from the $17 it had hoped for to $11. In late March, Southern Biotech Inc., of Tampa, temporarily did not pay some management salaries and reduced research projects because it was running low on cash...