Thursday, September 1, 2011

Oxigene dumps chief scientific officer, CFO, clinical trials

Oxigene Inc. will cut 11 jobs, reduce its footprint, kill plans for a Phase III thyroid cancer study and end a Phase II lung cancer study as it focuses on sponsored early-stage clinical programs.
The moves, which will leave the South San Francisco biotech company (NASDAQ: OXGN) with five full-time employees, will slash about $2 million in annual expenses.

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