-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Low Ses HWZ EWMW forum coming more gloomy as retrenchment rumours flying around, why hah?
- Thread starter k1976
- Start date
capital required to deliver clinical data in the current challenging funding environment,” he wrote. The closure was confirmed by Fierce Biotech. Locanabio, based in San Diego, has between 51–200 employees, according to its LinkedIn profile.
Nov. 2:
Kronos Bio will reduce its staff by 19%, the company announced Thursday just after releasing positive preliminary Phase I/II trial data on its antitumor candidate KB-0742. The company also has a therapy, lanraplenib, in development for FLT3-mutated acute myeloid leukemia. “By streamlining our operations and extending our runway, we best position the company to optimally fund our KB-0742 clinical studies while continuing to focus on the clinical development of lanraplenib, the advancement of our maturing discovery projects, and our collaboration with Genentech,” said Kronos CEO Norbert Bischofberger in the company’s statement.
According to an SEC filing, Kronos had 97 employees at the beginning of this year. The company said its restructuring will extend its cash runway into 2026.
Nov. 2:
Seres Therapeutics will undergo a restructuring that includes reducing its workforce by 41%—approximately 160 positions—the company announced Thursday as it touted positive sales data for its microbiome therapeutic, Vowst. “Given the realities of this challenging financial environment for biopharmaceutical companies, we believe that concentrating our resources on VOWST offers an attractive opportunity for targeted revenue growth, while operating in a more capital efficient manner,” said Seres President and CEO Eric Shaff in the statement.
According to the announcement, Seres will prioritize Vowst’s commercial launch going forward, as well as an ongoing Phase IB study on the microbiome therapeutic candidate SER-155. It will scale back “all non-partnered R&D programs and activities.”
Nov. 2:
Kronos Bio will reduce its staff by 19%, the company announced Thursday just after releasing positive preliminary Phase I/II trial data on its antitumor candidate KB-0742. The company also has a therapy, lanraplenib, in development for FLT3-mutated acute myeloid leukemia. “By streamlining our operations and extending our runway, we best position the company to optimally fund our KB-0742 clinical studies while continuing to focus on the clinical development of lanraplenib, the advancement of our maturing discovery projects, and our collaboration with Genentech,” said Kronos CEO Norbert Bischofberger in the company’s statement.
According to an SEC filing, Kronos had 97 employees at the beginning of this year. The company said its restructuring will extend its cash runway into 2026.
Nov. 2:
Seres Therapeutics will undergo a restructuring that includes reducing its workforce by 41%—approximately 160 positions—the company announced Thursday as it touted positive sales data for its microbiome therapeutic, Vowst. “Given the realities of this challenging financial environment for biopharmaceutical companies, we believe that concentrating our resources on VOWST offers an attractive opportunity for targeted revenue growth, while operating in a more capital efficient manner,” said Seres President and CEO Eric Shaff in the statement.
According to the announcement, Seres will prioritize Vowst’s commercial launch going forward, as well as an ongoing Phase IB study on the microbiome therapeutic candidate SER-155. It will scale back “all non-partnered R&D programs and activities.”
November
Nov. 16:858 Therapeutics, a San Diego–based biotech developing small-molecule drugs for cancer and other conditions, is laying off an unspecified number of staff and closing its New York office, according to a company statement reported by Fierce Biotech.
858 exited stealth mode two years ago with $60 million in Series A funding. It announced at the time that it had acquired New York–based Gotham Therapeutics, and that it planned “to significantly scale up the size of its team to around 40 people within the next year and a half.”
Nov. 14:
Biotech Atreca is laying off 40% of its staff, the company announced Tuesday as it reported a Q3 loss of more than $36 million.
Atreca, which focuses on antibody-drug conjugates, underwent previous rounds of layoffs in 2022 and earlier this year and said in September that it was terminating the lease on its San Carlos, California headquarters in order to cut costs. The company reported to the SEC that it had 90 employees as of the end of last year.
Nov. 14:
Pfizer is planning to lay off around 500 of its staffers and terminate its Pharmaceutical Sciences Small Molecule functions at its facility in Sandwich, Kent in the U.K., according to several media reports on Tuesday.
The business scale-back comes amid Pfizer’s sweeping cost-reduction plan announced last month, which will see the company generate $3.5 billion in savings through 2024.
Papigs keep quiet, only those por lan par still feels good,lol
anyone with IQ of above 80 could see this train wreck cumming with the rampant real inflation seen all over the world,
print some more money lah..... get your ass into commodities and PHYSICAL gold
print some more money lah..... get your ass into commodities and PHYSICAL gold
GE2024 cumming mah, cannot say yet
printing money is basically robbing people who worked hard for their money, fucking govts and central banks are the biggest crooks
Leemember, they say more help coming to help the poor?
Meaning help is still always "on the way"
No, it means all their previous policies did not work