BioCentury
ARTICLE | Company News

Escagenetics news

August 15, 1994 7:00 AM UTC

With cash and cash equivalents of $730,000 as of June 30, the San Carlos, Calif., said its senior executives are working without compensation and employee salaries have been cut 20 percent. ESN, which declined to discuss its burn rate, had a net loss for the quarter of $1.8 million. The plant biotechnology company said it will have to severely curtail operations if financing isn't obtained this quarter. ...