Plus, news about Brixton Biosciences, Merck KGaA, Medincell, CellProthera and GSK:
Adaptimmune inks up to $125M debt financing:
The
biotech
gets $25 million to start as it prepares for a commercial launch of its cell therapy. The money came through shortly after
Genentech axed a collaboration
that could’ve delivered $3 billion to Adaptimmune.
— Kyle LaHucik
Tenaya lays off 22% of its staff:
The biotech will
reduce
its workforce to save money for its gene therapies that are in the clinic for certain forms of cardiomyopathy. It had 140 full-time employees at the end of 2023,
according
to its most recently disclosed tally.
— Kyle LaHucik