Idorsia And Medigene Cut Jobs To Keep Going

Both companies are seeking to license their products as they try to stretch their dwindling cash.

Layoff notice after spread of Covid-19 (corona virus), Crisis of the business recession during the Covid-19 outbreak.
• Source: Shutterstock

The high cost of living is a reality many grapple with, and biotechs are no exception. Medigene and Idorsia are active in very different therapeutic areas but have butted up against similar difficulties, and both are attempting to cope by shedding staff.

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