Angiotech drug delivery news
ANP said it is planning to disclose on its Nov. 3 earnings call that it has started to consolidate its facilities, a task that will be spread out over the next year. The company said it has laid off about nine people at its Palo Alto, Calif., facility and will lay off a few more employees before year end. That facility, which the company acquired through its January 2003 purchase of Cohesion Technologies, previously employed about 35 people. Cohesion is focused on resorbable surgical hemostats and prevention of adhesions.
ANP plans to retain the eight or nine employees it has in Los Gatos, Calif., which it acquired when it bought NeuColl in August. NeuColl specializes in bone graft materials. ANP has not decided whether it will consolidate the two into a single location. ...