FDAnews Drug Daily Bulletin

EPIX PHARMACEUTICALS TO CUT HALF ITS WORKFORCE IN '06

Dec. 15, 2005
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Epix Pharmaceuticals Inc. said on Tuesday it will cut about half of its workforce next month after U.S. regulators last month said the company would need more clinical data before it would approve the company's lead product, Vasovist. Epix said the reductions will affect the research and development and the general and administrative areas of the company. After the job cuts, Epix expects to have about 48 employees.

Reuters (http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-12-13T194319Z_01_WEN6173_RTRIDST_0_HEALTH-EPIX-URGENT.XML)