Venture-backed Quadraspec lays off workers

November 17, 2008

Quadraspec Inc., a West Lafayette life sciences firm backed by venture capital investors, has laid off about a dozen workers, according to The Journal and Courier of Lafayette.

Founder and CEO Chad Barden said financial strains on Wall Street are forcing venture-backed companies like Quadraspec to become lean and profitable.

Quadraspec, started in 2004 with technology created at Purdue University, is developing equipment to quickly detect antigens, biomarkers and other molecular species.

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