Remove Blogging Remove Layoffs Remove San Diego
article thumbnail

Nestlé Sells Gut-Health Test Maker Prometheus Labs, Layoffs Expected

Xconomy

Eight years after San Diego biotech Prometheus Laboratories was acquired by Nestlé Health Science , the diagnostic business has been sold again, this time to a little-known biotech called Precision IBD that plans to lay off approximately a quarter of Prometheus’s workforce.

Layoffs 91
article thumbnail

After Brain Cancer Drug Fails, Tocagen to Cut More Than Half of Staff

Xconomy

The layoffs will result in a staff of about 30 people by year’s end, Tocagen (NASDAQ: TOCA ) said in the press release. Following the late-stage failure of its lead program, an experimental gene therapy treatment for the most aggressive form of brain cancer, Tocagen will reduce its workforce by 65 percent, the company said Thursday.

Layoffs 77
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Halozyme to Restructure After Pancreatic Cancer Drug Fails in Phase 3

Xconomy

The San Diego-based company had been testing its drug in combination with gemcitabine and nab-paclitaxel, a pair of chemotherapies regarded as standard treatment for pancreatic cancer. Halozyme (NASDAQ: HALO ) announced Monday that its drug, PEGPH20, did not meet a Phase 3 study’s main goal of improving how long patients lived.

article thumbnail

Bio Roundup: Bosley’s Editas Exit, Bridge Bucks, CRISPR Crime & More

Xconomy

In a week of big personnel moves, none was more surprising than Editas Medicine CEO Katrine Bosley’s departure.

Guide 63
article thumbnail

Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

Familiar biotech names—not necessarily familiar for the right reasons—made news this week in biotech. Data from a hematology conference stoked dreams of approval, though still on a far horizon, for a couple drug makers. Long anticipated, Walgreens officially cut ties with Theranos , and the FDA both gave and denied approvals.

News 55
article thumbnail

Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Amid Leadership Changes, NY Biotech Braces for Its Pivotal Moment. Ben Fidler chronicles the rise of New York’s life sciences scene, from startups and investors to universities and nonprofits. Bruce Bigelow lays out the business challenges of drone companies such as 3D.

article thumbnail

Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

Our San Diego editor Bruce Bigelow penned a personal goodbye to entrepreneur Larry Bock, who died last week of pancreatic cancer at the age of 56. The week started on a reflective note. And then the news flowed, from a fast reprieve for Juno Therapeutics to no mercy for Elizabeth Holmes. —In other Merck news, U.K.

News 40