Celsion Announces 15–20 Percent Workforce Cut
September 09, 2015.
Oncology company Celsion Corporation announced today that it "expects to realize a 15 to 20 percent reduction in personnel and related annual operational costs" following completion of its integration of its June 2014 acquisition of EGEN, Inc.
Celsion has consolidated all its early stage and preclinical assets at its Huntsville, AL facility; all clinical development, commercialization, business development and administrative functions are now located in Lawrenceville, NJ.
Celsion chairman, president and chief executive officer, Michael H. Tardugno, commented: "Our new organization will be both lean and focused on generating clinical data from our GEN-1 platform. As an IL-12 immunotherapy, GEN-1 has broad potential in multiple tumor types, and our clinical strategy is designed to accelerate its development, establish its clinical utility in various indications and drive it toward the market."
Is Artificial Intelligence a ‘Product’? Products Liability Implications for AI-Based Products
April 10th 2025As the physical products we use evolve to become increasingly complex, traditional products liability frameworks may not always fit to provide remedies for harm that can result from using novel product types.
