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Article: Benitec Reduces Work Force By Half To Push RNAi Work.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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West Coast Editor
As RNA interference firms continue to jostle for position, Australia-based Benitec Ltd. is cutting the work force by half at its U.S. facility while taking other measures with an aim of saving about $4 million per year so the company can move ahead with preclinical programs in hepatitis C virus and HIV.
The staff reduction means almost $100,000 in monthly savings, and other moves will save another $250,000 per month, with spending levels reduced by 50 percent overall, though the company did not say how many workers would be laid off at the site in Mountain View, Calif. Benitec could not be reached Tuesday.
Jonathan Aschoff, ...