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Home » Research & Discovery » Proteomics & Protein Research » After Laying Off Most of its Staff, AxCell Sees its Future in Virtual Drug Discovery

After Laying Off Most of its Staff, AxCell Sees its Future in Virtual Drug Discovery

Sep 30, 2002
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After failing to snag any revenue-generating collaborations with private-sector partners, AxCell Biosciences has scaled back its effort. Earlier this month the Newtown, Penn.-based provider of protein-protein interaction data laid off 14 of its 20 employees and resigned itself to pursuing drug discovery through its academic collaborators — what AxCell interim CEO Michael Becker refers to as a “virtual drug-discovery model.”

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