Aastrom (ASTM) Slammed on Staff Cut, New Development Focus

March 27, 2013 9:38 AM EDT
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Aastrom Biosciences, Inc. (Nasdaq: ASTM) shares are getting slammed in early trading Wednesday following an earlier announcement that it would be slashing staff by 50 percent and refocusing resources on development of ixmyelocel-T, for the treatment of dilated cardiomyopathy (DCM). Shares are down about 30 percent early.

For more color on the announcement, click here.

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