Phrixus Pharmaceuticals aims for 100-plus new jobs with heart drug

Thursday, August 21, 2008 | Source: Concentrate

Phrixus Pharmaceuticals is looking to make big move this year as it prepares its latest breakthrough for clinical trials.

Excerpt:

Early to mid 2009 looks like a good year for Ann Arbor's Phrixus Pharmaceuticals. That's when the 2.5-year-old start-up expects to hire up to 100 people for the clinical trail stage of its heart-failure-fighting drug.

The University of Michigan spin-off is developing a compound that acts as a biological sealant. That means it helps prevent heart failure and improves cardiac function.

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