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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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