Employment News
Hospira to Cut 1,450 Jobs
By Erik Even | Dated: 03-24-2009
Lake Forest, Illinois’ Hospira, which makes and sells BioTime’s blood product Hextend in the US, will cut 1,450 people, or 10% of its workforce.Alameda, California-based BioTime’s revenue comes almost exclusively from Hextend, which is used in emergency and battlefield surgery. Hospira paid BioTime $1.2 million in Hextend royalties in 2008.
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