Sirna Therapeutics, Galapagos, Asinex, Invitrogen, Caltag Laboratories, Qiagenn, Procognia

May 20, 2005

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Sirna Restructuring Detailed in SEC Filing;
Company Lays Off Eleven

Sirna Therapeutics said this week in a filing with the US Securities and Exchange Commission that its previously announced layoffs included the termination of 11 employees.

According to the company, the layoffs resulted in an annualized salary and benefits savings of $2.1 million. Severance and other costs related to the reduction in force will be $350,000, Sirna noted in the filing.

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