Remove Layoffs Remove Startup Remove Study Remove Technical Review
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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

The week started on a reflective note. And hellos: Third Rock Ventures brought in a well-traveled biotech veteran, Steven Holtzman , to run its hearing-loss startup Decibel Therapeutics. After last week’s revelation of three patient deaths in its leading cancer immunotherapy trial, the FDA suspended the study.

News 40
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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

You need to: study the rules, make sure that you don’t violate the “affiliate rule” (more later), consult with your Company Counsel, consult with your board and investors and then make your own determination. If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs.