Report: VLST slashes workforce in shift to cancer drug research

Xconomy is reporting today that VLST is laying off two thirds of its staff in a cost-cutting move. CEO Martin Simonetti says that he's scaling down from 17 staffers to a virtual staff of 5 as funds are shifted to the development of a cancer drug recently in-licensed from Pfizer ($PFE). "We have very limited resources, and we had to make these extremely difficult decisions," he tells Xconomy. Story

 

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