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Larry Gerrans (Photo: Spencer Brown)

Sanovas, a Sausalito device company, has been running lean and is ready to hire, says CEO Larry Gerrans. (Photo: Spencer Brown)

Reported Friday, February 3, 2012, 3:00am PST by Ron Leuty, San Francisco Business Times

Still in shock from a drain-off of capital, life sciences companies will keep hiring selective, strategic and slim in 2012.

Early-stage companies still need cash to feed their growth, but more mature companies that are on the cusp of launching a product expect to hire, mostly in sales. Job cuts will continue in manufacturing, where excess capacity at contract manufacturing organizations has made it more attractive for companies to shut down their own drug-making shops.

Most recently, Xoma Corp.

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FDA REGULATORY DISCLOSURE: Sanovas Inc. is an emerging technology company.
These products are investigational medical devices that have not been approved or cleared for use in the United States.