Brewed Fresh Daily
Anotated links from a Cleveland area obsessive coffee drinker, avid quotation collector, voracious internet content consumer, amatuer social network analyzer, and armchair economic developer. Recently referred to as a "web activist".11/26/2003
Big Job Cuts at Athersys
"Cleveland biopharmaceutical company Athersys Inc. has laid off 30 employees, or roughly one-third of its staff, according to sources close to the company. Sources said Athersys, which earlier this year asked Case Western Reserve University, the Cleveland Clinic and University Hospitals of Cleveland to invest up to $25 million each in the company, was negotiating a partnership with a medical device manufacturer that included an estimated $40 million investment. However, the sources said negotiations for that deal fell apart."It's hard to paint a glowing picture of the region when things like this happen.
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