Posted Apr. 26, 2012 at 7:04 a.m.

Premium Lock Drug firm Targacept to slash 46% of work force

Published: 2012-04-26 07:04:53
Updated: 2012-04-26 07:04:53

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Targacept's Headquarters Targacept is based in Winston-Salem. Image 1 of 2 · Next Image…

The Winston-Salem based firm is slashing its workforce by nearly half, part of a restructuring plan that comes one month after its lead drug candidate, a depression drug, failed the last of a series of phase 3 clinical trials....

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