Bring out your dead! Or, asset auctions return…

August 6th, 2008 by Benjamin Kuo

One thing I haven’t seen in awhile (well, at least since Amp’d Mobile went under) is one of those “our-company-died-sell-off-our-assets-please” auctions.  Looks like Favrille, the San Diego-based biotech firm, now has its facilities and equipment on sale. It’s not a surprise — the firm announced in July that it was pretty much cutting all of its staff and selling off its assets–but it’s been fairly rare. Any San Diego biotech startups looking for cheap equipment?

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