Finance Watch: SPAC Deals Stumble, Layoffs Continue As Valuations Struggle To Recover
Axcella, Sensei, Instil, TherapeuticsMD, Novartis Reveal Job Cuts
Aesther Healthcare Acquisition extended the deadline to merge with Ocean Biomedical, while Intrinsic Medicine no longer plans to go public by merging with a SPAC. In restructuring news, Otonomy begins liquidation, Celyad cuts last clinical program with cash running out and Clovis files for bankruptcy.
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