Thursday, July 12, 2007

Point Therapeutics cuts 76 pct of work force

(Reuters) - The biopharmaceutical company cut its work force to 8 employees from 33 and plans to further reduce its current work force in the near future.



Point Therapeutics plans to replace its employees with a more variable cost-effective consulting team to help the company as it seeks a buyer or partner for its technology and related intellectual property and other assets, in bankruptcy or otherwise.


Read more at Reuters.com Bonds News

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