Minrad International of Orchard Park, NY, has cut its workforce, the company announced.
Effective November 20, Minrad eliminated 50 positions, reducing its workforce by 35% in Pennsylvania, New York, and other offices. The move is in response to the company's adverse financial condition, according to Minrad.
Related Reading
Minrad grows revenue, net loss in Q3, November 17, 2008
Minrad reports revenue dip in Q2, August 15, 2008
Minrad makes two exec appointments, January 15, 2008
Minrad expands revenue and loss, August 16, 2007
Minrad nets CE Mark, September 11, 2006
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