Tuesday, October 18, 2011

Cytokinetics to cut 18 jobs, focus on ALS trial

Cytokinetics Inc. will cut its workforce to 83 people as it focuses its cash on an experimental treatment for Lou Gehrig’s disease and a heart failure program partnered with Amgen Inc., the company said Tuesday.
Among the jobs cut was that of David Morgans Jr., the South San Francisco-based drug developer’s executive vice president of preclinical research and development. He will leave the company Oct. 31.

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