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Thursday, February 28, 2008

Would You Work for This Company???

Seattle Biotech has a new management team that has been sued by their investors.

Okay, so that is old news. We also have a new fire to light our runway. And they specialize in RNAi!!! They have the old Nastech CSO who was "resigned" recently after years of not making RNAi work there.

Welcome to the airport.

Friday, February 15, 2008

What's in the News

'In the South Seas there is a cargo cult of people. During the war they saw airplanes with lots of good materials, and they want the same thing to happen now. So they've arranged to make things like runways, to put fires along the sides of the runways..."

We here at the CCS look at each biotech hub as a cargo cult airport. Seatte, the bay area, San Diego, Boston, North Carolina are all airports. The fires along the runways are small biotech companies.

The seattle cargo cults had a bad week.

Cell Therapeutics throws a 30K$ party after laying off 31 employees to save money.
Amgen lays off 130 employees... up from the 50 they anticipated. They found more useless people than they originally thought they had hired?
Dendreon can't get a break!
Nastech is one step closer to the end.
Zymogenetics has layoffs after finally getting a drug approved.
CellCyte is a ridiculous company!!!
The CellCyte CEO did lied?