Wednesday, November 18, 2009

Bio Graveyard - Part II- Update

Sometime back I had written about some 15 companies as mentioned in Fierce pharma who went to bankruptcy and now in just a span of two weeks two companies have filed for bankruptcy one is Altus Pharmaceuticals based in east coast , near Boston with head count of 107 people, the company was thriving on its only growth hormone program and the other one to go down the drain is Iceland based company decode genetics which specialised in genetic studies and had three molecules in different phases of clinical trial. Out of which two were for heart attack and the other one was for arterial thrombosis……. Now Let us see how many spin of are vanishing like this????

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