TPTX » Topics » *If we lose key personnel or are unable to attract and retain additional personnel, we may be unable to pursue collaborations or develop our own products.

This excerpt taken from the TPTX 10-Q filed Nov 9, 2006.

*If we lose key personnel or are unable to attract and retain additional personnel, we may be unable to pursue collaborations or develop our own products.

          The loss of any key members of our scientific or management staff, or failure to attract or retain other key scientific employees, could prevent us from pursuing collaborations or developing our products and core technologies. Recruiting and retaining qualified scientific personnel to perform research and development work are critical to our success. There is intense competition for qualified scientists and managerial personnel from numerous pharmaceutical and biotechnology companies, as well as from academic and government organizations, research institutions and other entities. In addition, we will rely on consultants and advisors, including scientific and clinical advisors, to assist us in formulating our research and development strategy. All of our consultants and advisors will be employed by other employers or be self-employed, and will have commitments to or consulting or advisory contracts with other entities that may limit their availability to us.

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