Article: Vacaville, Calif., Biotech Firm to Slash $5 Million in Expenses.

By Clint Swett, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News

Jun. 18--A struggling Vacaville biotechnology company has announced a new round of belt-tightening measures and the departure of one of its co-founders.

Large Scale Biology Corp., a leading Sacramento-area biotech firm, said it was cutting $5 million in expenses as it seeks to bring to market a drug to treat a rare genetic disorder.

While the cuts will not affect products already in commercial development, they will include layoffs.

The company also announced the departure of its executive vice president, David McGee, who co-founded the company in 1987. ...

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