Life Sciences, Layoffs, Heart Disease

Acusphere Cuts 40 Jobs

Ryan McBride 3/4/09

Biotech firm Acusphere says that it plans to move out of its corporate headquarters in Watertown, MA, and cut 40 jobs or about two-thirds of its workforce to conserve cash as it pursues approval of its imaging agent perflubutane polymer microspheres (Imagify) for detecting coronary artery disease. The company plans to move all of its remaining employees into its manufacturing facility in Tewksbury, MA. The firm has also filed papers with the Securities and Exchange Commission to voluntarily suspend its reporting obligations to the agency. The firm’s job cuts have been added to our Boston Layoff Tracker.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.