Less than a year after the merger between eBioinformatics and Empatheon created Entigen, the company has closed its Sydney, Australia, office and laid off all its employees in Australia.
A source at Entigen says that a “substantial number” of US employees were also let go. The source added that employees were told the company had been close to securing a new round of funding, but investors pulled out in the wake of the September 11 attack, leaving Entigen out of cash.
The company had tried to bulk up its coffers last fall by changing its online bioinformatics service, BioNavigator, from pay-as-you-go to subscription-based. President Howard Goldstein says this was part of a plan to shift away from the original online model toward in-house installations of BioNavigator behind company firewalls.
— Bernadette Toner