Just to see how tough it is for biopharmaceuticals companies trying to obtain financing, I put together a list of firms that have released some negative press in the past few months. The list is by no means comprehensive, considering that private companies are not obligated to report their financing situation.
Genaera Corporation, Isolagen Inc., Torrey Pines Therapeutics, Evotec AG, La Jolla Pharmaceuticals, Trubion Pharmaceuticals, Northstar Neuroscience, Targeted Genetics, Cardiace Science, Telik, Oscient Pharmaceuticals, Advanced Life Sciences, DeCode Genetics, Anesiva, and DiObix.
Update: Sorry for any confusion. I didn’t mean to imply that any of the companies listed above would go bankrupt. I was just pointing out that many companies need to conserve cash given the current financing environment.