GeneProt Lays Off Almost Half Its Staff
As ProteoMonitor went to press, news broke that GeneProt of Geneva, Switzerland, is undergoing a major reorganization. The company will lay off 45 of its 95 employees, starting in less than two weeks, according to CSO Keith Rose. Last fall, the company already underwent a round of layoffs that took effect in January (see ProteoMonitor 11-4-02).
OGS Shareholders Reject Celltech Offer; More Bids from Biotech Investors Expected