OncoGenex Pharmaceuticals, (NASDAQ: [[ticker:OGXI]]) the developer of cancer drugs, said today it has cut half of its workforce as part of the merger between its predecessor company and Bothell, WA-based Sonus Pharmaceuticals. After the job cuts, the company will have 27 full and part-time employees. OncoGenex stock fell 3.6 percent to $4.82 in its first day of trading.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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