Lab notes: Adaptimmune to reduce workforce; NRx completes $11M debt financing
This week's Lab Notes has items on a cell therapy developer joining the list of life sciences companies making staff reductions, a multimillion-dollar debt financing deal, an update on a company's efforts to develop biosimilar products and more. Here's the roundup: AdaptImmune (NASDAQ: ADAP) The cell therapy developer with operations in Philadelphia and Oxford, England, said this week it is cutting its workforce by 25% to 30% and narrowing its research focus to conserve cash. The company also said it is prioritizing its two lead T-cell therapy programs targeting solid tumors.