Palo Alto pharma company lays off 230, considers bankruptcy Issues Beyond Palo Alto, posted by Editor, Palo Alto Online, on Mar 19, 2013 at 8:33 pm
Affymax, a Palo Alto-based pharmaceutical company, announced March 18 that it would lay off approximately 230 employees -- 75 percent of its workforce -- and is considering sale of the company or bankruptcy.
Read the full story here Web Link posted Tuesday, March 19, 2013, 9:49 AM
Posted by Wondering?, a resident of the Fairmeadow neighborhood, on Mar 19, 2013 at 8:33 pm
The Drug companies say that it sometimes takes 10 years to get a drug through development, testing, trials and approval. It would be interesting to know how long this drug took, from inception to FDA approvals. Would also be interesting to know what the FDA will change any of its testing methodologies to hopefully detect this sort of possible outcome for drugs in their approval pipeline.