Finance Watch: Restructurings, Layoffs Reflect Ongoing Uncertainty In Biotech
Even Pharma Feels Pinch As Astellas Takes Losses
Executive Summary
Sio Gene, Genocea, Solid Biosciences, Saniona and Black Diamond join First Wave, Zosano, Vallon, Finch, Magenta, ProQR and Imara on the growing list of biopharma firms reducing headcount to make their cash last until valuations return to a level that may support new fundraising.
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