Thursday, April 16, 2009
TorreyPines Therapeutics Hires Investment Banker
La Jolla-based TorreyPines Therapeutics said Wednesday that the firm has hired on investment bank Merriman Curhan Ford as a financial advisor. TorreyPines said that Merriman Curhan Ford will help the firm assist in evaluating "strategic options," including sale of the company or its assets. The hiring of the bank follows the layoff of most of the firm's employees earlier this month. TorreyPines was previously focused on developing treatments for migraine, chronic pain, and xerostomia.