Elixir Studios today announced that it is closing down, following the cancellation of a project they were working on. The developer was responsible for Evil Genius and Republic: The Revolution and not too long ago announced Republic Dawn: The Chronicles of the Seven.

Demis Hassabis, founder and Chairman: "It has been an amazing roller-coaster ride. It's hard to believe that 7 years have flown by. I'm very proud of what all the staff at Elixir have achieved and the games we produced. We gave it everything we had but ultimately it wasn't quite enough. It seems that today's games industry no longer has room for small independent developers wanting to work on innovative and original ideas. Perhaps there is no longer any need for them. However, this was the sole purpose of setting up Elixir and something we could never compromise on by going down the licensing route."