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Biotech / Medical : Munch-a-Biotech Today
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To: Biomaven who wrote (163)2/21/1999 11:02:00 PM
From: Vector1  Read Replies (1) of 3158
 
From the March 98 10k

Total employees of the Company decreased from 151 at December 31, 1996 to 27 at March 12, 1998. Total severance paid and accrued during 1997 was $3,147,000, which is included in the statement of operations for the year ended December 31, 1997. In addition, the Company subleased its facilities under a sublease effective February 27, 1998 resulting in a non-cash charge of $444,000 for the writedown of all of the Company's leasehold improvements to net realizable value.

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