Finance Watch: With Limited Fundraising Options, Biotechs Restructure To Extend Cash Runways
A Closer Look At Recent Layoffs And Strategic Updates
Mereo will reduce its headcount by 40% to focus on its lead programs while NeuBase revealed a 60% workforce reduction to extend its cash runway. Also, Invivyd (formerly Adagio), Greenlight and BioMarin announced job cuts, while Otonomy and others planned strategic shifts.
