Navigation Links
VaxGen Restructures Following Termination of Proposed Merger
Date:4/9/2008

SOUTH SAN FRANCISCO, Calif., April 9, 2008 /PRNewswire-FirstCall/ -- VaxGen, Inc. (OTC Bulletin Board: VXGN), a biopharmaceutical company, announced that the Company has initiated a restructuring to minimize expenses following the termination of the proposed merger between VaxGen and Raven biotechnologies, inc. VaxGen has moved to terminate the staff which it had retained in anticipation of the needs of the merged company. As a result, VaxGen will be terminating approximately 75% of its remaining staff of 22 persons, including Matthew Pfeffer, the Company's CFO and Senior Vice President of Finance and Administration.

(Logo: http://www.newscom.com/cgi-bin/prnh/19991112/VAXGENLOGO)

"It is quite unfortunate that VaxGen must now terminate so many of our most capable and loyal staff, including Matt Pfeffer," said James P. Panek, VaxGen President and CEO. "Matt's performance since joining VaxGen in 2006 has been nothing short of outstanding. His talents, both as CFO and as a senior leader, became increasingly obvious as he brought VaxGen current with its financial filing obligations, worked to reduce expenditures and financial liabilities, and contributed notably to our pursuit of strategic initiatives."

"My tenure at VaxGen, while filled with many challenges, has also been marked by many successes and opportunities to work with many remarkable colleagues," said Matthew Pfeffer. "With VaxGen's financial filing obligations now current and the scope of its business greatly reduced, I am confident that VaxGen can ably fulfill all required financial and administrative responsibilities in my absence."

VaxGen's near term plan of action is quite straightforward: reduce staffing and expenses to reflect the realities of not merging with Raven; continue our efforts to sell the Anthrax vaccine program and manufacturing facility, and deal as best we can with our leas
'/>"/>

SOURCE VaxGen, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. VaxGen Provides Updates and Encourages Stockholders to Vote In Favor of Proposed Merger With Raven
2. VaxGen and Raven biotechnologies Announce Signing of Definitive Merger Agreement
3. Pharmos Restructures Operations in Israel
4. The Quantum Group Announces Increased Patient Enrollment Following Medicare Advantage Open Enrollment Period
5. New York City Staffing Company Charged With Violating H-1B Program Following U.S. Labor Department Finding Almost $3 Million in Back Wages Due 156 Workers
6. Following School Suicide, National Childrens Charity Issues Tips and Free Resources to Help Prevent 3rd Leading Cause of Death Among Youth
7. Heart attack rates fall following national smoking bans
8. Reynolds American Subsidiary to Receive Payment Following Gallaher Joint-Venture Termination
9. Natural Nutrition Announces Effectiveness of Forward Split of Common Stock Following 2007 Record Revenue Year
10. Surgical site infections more common than expected following breast procedures
11. Uninsured More Likely to Die From Cancer Following Diagnosis
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/22/2015)... Pioneer Millworks, the largest reclaimed wood company in ... reclaimed wood, introducing their latest reclaimed wood products at ... offerings, Vat 35, Reclaimed Teak , and Prairie ... largest design event. , “Designers, architects, builders, and homeowners ... see and feel the variety of wood surfaces in ...
(Date:5/22/2015)... 2015 River Valley Health Partners (RVHP) ... health system’s Chief Financial Officer (CFO), will be leaving ... as the company CFO since 2011. , The Board ... the health system as CFO. Wesley will oversee the ... the Board of Trustees conducts a formal search for ...
(Date:5/22/2015)... 2015 Omar Ahmad Barrada, a junior ... in the 2015 Congress of Future Medical Leaders in ... gathering of “America’s highest achieving high school students.” , ... set new goals and learn better study habits,” said ... during which we can ask the surgeons questions.” , ...
(Date:5/22/2015)... “It’s like learning an new ... Vice President of Clinical Operations/Education and Training at ... impacts how care is coded and reimbursed.” , ... care reimbursement, operations and compliance consulting, as well ... launches a new series of day-long seminars on ...
(Date:5/22/2015)... Massachusetts (PRWEB) May 22, 2015 ... is a difficult process. Historically providers have not ... by payers. Starting in 2015, Medicare has paved ... coordination activities. Thanks to the launch of ... providers and health systems using the platform will ...
Breaking Medicine News(10 mins):Health News:Pioneer Millworks to Reveal New Design Trends with Reclaimed Wood at Dwell on Design in LA 2Health News:Pioneer Millworks to Reveal New Design Trends with Reclaimed Wood at Dwell on Design in LA 3Health News:River Valley Health Partners Announces CFO Transition, Appointment of Interim CFO 2Health News:Milton Hershey School Student Chosen for Congress of Future Medical Leaders 2Health News:Harmony Healthcare International Takes the Lead in Launching ICD-10 Coding Transition in Post-Acute Care 2Health News:Harmony Healthcare International Takes the Lead in Launching ICD-10 Coding Transition in Post-Acute Care 3Health News:Oculus Health Care Coordination Platform Officially Launched 2Health News:Oculus Health Care Coordination Platform Officially Launched 3Health News:Oculus Health Care Coordination Platform Officially Launched 4
... of,Representatives took a historic step today by passing ... Administration (FDA) authority over,tobacco products, including the authority ... kids. The bill passed with an overwhelming majority,and ... the U.S. Senate for,consideration and Missouri public health ...
... 30 The U.S. House of,Representatives took a ... the U.S. Food and Drug Administration (FDA) authority ... on tobacco,marketing and sales to kids. The bill ... The bill now goes to the U.S. Senate ...
... Va., July 30 The U.S. House of,Representatives ... that,would grant the U.S. Food and Drug Administration ... crack down on tobacco,marketing and sales to kids. ... bipartisan support. The bill now goes to the ...
... Director, Campaign for,Tobacco-Free Kids, WASHINGTON, July 30 ... truly historic vote to protect children from,tobacco addiction ... U.S. Food and Drug Administration authority to regulate,tobacco ... has ever approved such,legislation. Today,s vote by a ...
... of Coast-To-Coast Journey,Highlighting Challenges Americans Face With Health ... Cover America,Tour has reached the half-way point of ... the stories of Americans who are having a ... coast-to-coast tour,sponsored by Consumer Reports Health aims to ...
... VIEJO, Calif., July 30 The Ensign,Group, Inc. ... the Ensign(TM) group of,skilled nursing, rehabilitative care services ... to issue its second quarter 2008,financial results following ... (Logo: http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO ), Conference Call, ...
Cached Medicine News:Health News:House Passes Historic Bill to Protect Kids from Tobacco; Senators Bond & McCaskill Should Cosponsor Legislation 2Health News:House Passes Historic Bill to Protect Kids from Tobacco; Senators Bennett & Hatch Should Cosponsor Legislation 2Health News:House Passes Historic Bill to Protect Kids From Tobacco; Senators Webb & Warner Should Cosponsor Legislation 2Health News:U.S. House Casts Historic Vote to Protect Kids from Tobacco, Save Lives; Senate Should Act This Year and President Should Sign Bill Into Law 2Health News:U.S. House Casts Historic Vote to Protect Kids from Tobacco, Save Lives; Senate Should Act This Year and President Should Sign Bill Into Law 3Health News:Consumer Reports Health's 'Cover America Tour' Chronicles Americans' Anxiety Over Health Care 2Health News:Consumer Reports Health's 'Cover America Tour' Chronicles Americans' Anxiety Over Health Care 3Health News:Consumer Reports Health's 'Cover America Tour' Chronicles Americans' Anxiety Over Health Care 4Health News:The Ensign Group Schedules 2008 Second Quarter Earnings Call for Thursday, August 7, 2008 2
(Date:5/22/2015)...  RegeneRx Biopharmaceuticals, Inc. (OTCQB: RGRX), a clinical-stage drug ... today announced that J.J. Finkelstein , chief executive ... overview at two upcoming investor conferences. ... Annual Microcap Conference on Thursday May 28, 2015 ... 11:00 am EDT.  A webcast will be available at ...
(Date:5/22/2015)... , May 22, 2015 According ... Market by Product (Consumables, Instruments, Services), by Test Type ... Chromatography, Flow Cytometry), by End Users - Global Forecast ... Market is expected to reach $736.85 Million by 2020 ... of 10.25%. Browse 71 market data ...
(Date:5/22/2015)... May 22, 2015  In a sweeping analysis assessing ... T1D Exchange researchers conclude that there remains ... diabetes across all age groups, but especially for adolescents ... picture of diabetes treatment, underscoring the need to address ... that can help type 1 patients achieve optimal metabolic ...
Breaking Medicine Technology:RegeneRx to Present at 2 Investor Conferences 2RegeneRx to Present at 2 Investor Conferences 3Oxidative Stress Assays Market Worth $736.85 Million by 2020 2Oxidative Stress Assays Market Worth $736.85 Million by 2020 3Oxidative Stress Assays Market Worth $736.85 Million by 2020 4Study Reveals Poor Disease Control Among Adolescents and Young Adults with Type 1 Diabetes 2Study Reveals Poor Disease Control Among Adolescents and Young Adults with Type 1 Diabetes 3Study Reveals Poor Disease Control Among Adolescents and Young Adults with Type 1 Diabetes 4Study Reveals Poor Disease Control Among Adolescents and Young Adults with Type 1 Diabetes 5
... for the,holiday season, the U.S. Fund for UNICEF today ... by Facebook, the hugely,popular social networking website., For ... website community,the opportunity to "Immunize a child against disease" ... offshoot of Causes, the,rapidly growing social activism application on ...
... Calif., Dec. 18 Epeius Biotechnologies,Corporation announced today ... 2007, a truly remarkable year in terms of,biomedical ... year in,which a definitive meeting entitled "In Vivo ... Cold Spring Harbor Laboratory, where Nobel laureate,James Watson ...
Cached Medicine Technology:UNICEF Partners With Causes on Facebook to Launch 'Charity Gift' Feature 2Epeius Biotechnologies Applauds the Belated Scholarship of Their Academic Contemporaries in 2007, As Targeted Gene Therapy Comes of Age in Clinical Medicine 2Epeius Biotechnologies Applauds the Belated Scholarship of Their Academic Contemporaries in 2007, As Targeted Gene Therapy Comes of Age in Clinical Medicine 3
... Plus Povidone Iodine (PVP-I) Prep ... a 10% Povidone Iodine, USP ... Iodine. Triad Plus Povidone Iodine ... saturated with a 7.5% Povidone ...
... preoperative skin preparation an ... site infections. Scrub Care brand ... offer high efficacy and safety ... Prevail-Fx offers the highest level ...
These simple but effective single-dose, hands-off, ampulized applicators have revolutionized skin preparation in hospitals....
... Panel consists of plasma specimens with reactivity ... antibodies to HTLV I and II. This ... and diagnostic laboratories to evaluate their anti-HTLV ... test systems are included for comparative analysis ...
Medicine Products: