Article: Geron Restructuring Leaves Focus On Product Development.

Senior Staff Writer

Biotechnology is about cutting-edge research and it's about disease-fighting products. Those two go hand in hand, but when the markets tighten and fund raising becomes hard, developing products often takes the front seat.

That's the case at Menlo Park, Calif.-based Geron Corp., which said Monday it has restructured to focus on its most advanced product development programs, a move that was accompanied by a 30 percent cut in its work force, mostly research staff.

Clearly in focus now is the GRN163 cancer program that Geron hopes to kick into Phase I trials in 2003. The reduction of 33 research and 10 support staff positions - ...

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