You know how the right wing is all enamored about letting the bankruptcy process "just work?"
And boycotting businesses that are saved with government funding?
Well, a small upstart medical firm has been working on cutting edge vaccine technology and like any small cutting edge firm, was literally at the edge.
Want to learn how the Obama Administration may have very well saved thousands of lives and millions of health care dollars?
Jump below the fold......
Just days ago;
Protein Sciences Corp. that began making a vaccine for protecting against the H1N1 influenza virus last week, has been forced into bankruptcy by creditors, who filed a petition asking it to be liquidated to satisfy their claims.
According to court documents filed in U. S. Bankruptcy Court in Wilmington, Delaware today, creditors filed an involuntary Chapter 7 petition against the Meriden, the Connecticut-based company listing claims worth $11.7-million.
Yesterday the Obama Administration steps in with that stimulus money so Protein Sciences can make some more of that socialism serum;
A small biotechnology company facing possible bankruptcy and liquidation has been awarded a $35 million federal contract to develop a faster way to make vaccines for pandemic influenza.
The award of the contract to the Protein Sciences Corporation of Meriden, Conn., was announced on Tuesday by the Department of Health and Human Services. But only a day earlier, creditors filed a petition in federal bankruptcy court in Wilmington, Del., seeking to force Protein Sciences into bankruptcy and liquidation, saying they were owed $11.7 million.
The even better news is that "the company made its first 100,000 doses of a vaccine against the new swine flu."
I wonder if Glenn Beck will urge a boycott of the swine flu vaccine like he urged a boycott of GM?