After a WEEK of CROWING about the Guv's biotech success!
Fuck you, Globe!!!
"Biopure lays off 50, needs cash to stay open past fall
"Biopure Corp., a Cambridge biotech company, said it laid off 50 employees, or about 60 percent of its staff, this week to slash expenses. But spokeswoman Tiana Gorham confirmed that even with the cuts, Biopure likely only has enough cash to last three months. Gorham said the company is trying to raise money to continue operations longer. Biopure has two products, one for animals and the other for humans, both made from cattle blood and refined to replenish oxygen-starved tissue. Biopure has US and European approval to market the veterinary product to treat anemia in dogs, but has struggled to get US approval for the human product. Shares fell 4 cents to 50 cents yesterday, far off the 52-week high of $4.85. (Todd Wallack Boston Globe June 21, 2008)."
Also see: Biotechs Fart in Patrick's Face
Massachusetts' Billion Dollar Boondoggle
Yeah, we've got nothing better to spend that money on!
"Biopure Corp., a Cambridge biotech company, said it laid off 50 employees, or about 60 percent of its staff, this week to slash expenses. But spokeswoman Tiana Gorham confirmed that even with the cuts, Biopure likely only has enough cash to last three months. Gorham said the company is trying to raise money to continue operations longer. Biopure has two products, one for animals and the other for humans, both made from cattle blood and refined to replenish oxygen-starved tissue. Biopure has US and European approval to market the veterinary product to treat anemia in dogs, but has struggled to get US approval for the human product. Shares fell 4 cents to 50 cents yesterday, far off the 52-week high of $4.85. (Todd Wallack Boston Globe June 21, 2008)."
Also see: Biotechs Fart in Patrick's Face
Massachusetts' Billion Dollar Boondoggle
Yeah, we've got nothing better to spend that money on!
Not like schools are closing or anything.
