Durham's Argos Therapeutics to hire 236 in expansion (buyers, salary)

[SunnyKayak]

Argos Therapeutics will receive up to $9.5 million in state and local incentives to expand its Durham headquarters and add a manufacturing plant.

The drug developer will hire 236 people with an average annual salary of $90,725 by 2018. Argos has no drugs on the market, but its experimental cancer treatment is in phase III clinical trials.

[RoaminRebel]

Pretty ambitious claims for an organization with no approved commercial products... Promises are cheap I guess.

[RedZin]

Originally Posted by RoaminRebel

Pretty ambitious claims for an organization with no approved commercial products... Promises are cheap I guess.

But.... wait... you know they expect a response letter from FDA any minute now.

[RoaminRebel]

Originally Posted by RedZin

But.... wait... you know they expect a response letter from FDA any minute now.

If the trial data looks iffy they can always put some lipstick on the pig and sell it off at the expense of the buyers' shareholders.