Biotechnology Company Files for Bankruptcy
Posted on May 10, 2011 7:25pm PDT
The biotechnology company Peptimmune Inc. has reportedly filed for Chapter 7 bankruptcy. The company reportedly needed to file after they failed to secure a large amount of funding. At this time, the company is reportedly considering liquidation as they only now have five people working for them. The company reportedly owes $2.17 million and has assets of $2.01 million.
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