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Protein Polymer Technologies has less than two months cash

This article was originally published in Clinica

Executive Summary

Protein Polymer Technologies has failed in its attempts to raise additional capital or find a partnership and has warned that it has less than two months' cash reserves. The company made the announcement at the same time as it cut its workforce by 60% and admitted that only by reducing its staff can it carry on. PPT says it is discussing possible partnerships.

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