deCODE close to broke
Icelandic biotech deCODE Genetics may become another casualty of tough economic times. The company linkurl:announced today;http://tinyurl.com/rcf3pb (August 11) that it has only $3.8 million dollars left in its coffers -- enough to fund operations "into the latter half of the third quarter," which in Iceland runs through September. In a conference call this morning, the company said it was restructuring its business, dropping its medicinal chemistry and structural biology operations, and inste
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**__Related stories:__***linkurl:One biotech gasps for breath;http://www.the-scientist.com/blog/display/55882/
[10th August 2009]*linkurl:DeCODE falls from NASDAQ grace;http://www.the-scientist.com/blog/display/55200/
[18th November 2008 ]*linkurl:Trouble for deCODE;http://www.the-scientist.com/blog/display/55089/
[14th October 2008]
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