Thursday, July 31, 2008

Northstar Neuroscience Cuts Jobs

Seattle-based Northstar Neuroscience said Thursday that it has cut jobs at the firm, as it looks to revise its strategic plans. The firm, which is developing medical devices for treating neurological disease, did not say how many employees were affected, however the firm said that it will curtail all of the company's clinical and development activities not directly related to depression, and sublease a portion of its headquarters.