Cytori slashes jobs following clinical hold; Clal sues Hyperion over Andromeda scandal; Threshold shares slide as TH-302 study continues past interim;

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> Weeks after the FDA put a pair of clinical studies of its stem cell therapy on hold, Cytori has come back and slashed 42 jobs in a reorganization aimed at eliminating $8 million in annual expenses. And the company executive vice president for marketing and sales is departing in the restructuring. The San Diego-based biotech says it will have a staff of 77 after the layoffs. CEO Marc Hedrick said that the company's lenders waived a liquidity threshold on cash balances, adding that the company is now working on restructuring the loan. The hold was imposed after several cases of cerebrovascular events. Cytori makes a regenerative concoction out of fat tissue, extracting stem cells from patients which are then injected into patients to treat various medical conditions. Release

> Not long after Hyperion ($HPTX) says it was bamboozled by Andromeda Biotech with falsified drug data, the former parent company of the Israeli biotech--Clal--is firing back in a $200 million lawsuit, saying Hyperion acted unreasonably in shuttering the trial. Story

> Shares of Threshold Pharmaceuticals ($THLD) slid on Monday as investors reacted to the news that its TH-302 study for soft tissue sarcoma would continue past the interim analysis and on to its conclusion. Merck KGaA bought into the drug and now considers this program one of its top pipeline prospects. Release

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