In addition to job cuts, Fate Therapeutics ends a major collaboration with a Johnson & Johnson company and scales back its development pipeline of immunotherapies.
Fate Therapeutics, a San Diego-based biopharmaceutical company, is laying off more than half of its workforce and ending a key collaboration agreement with Janssen Biotech.
Fate is cutting 315 positions across its three locations in San Diego and a San Francisco facility, according to a WARN notice filed with the state. The layoffs hit all parts of the business from the chief technical officer to research and development positions and human resources. After the first quarter ends in March, the company said it will have 220 employees.
The publicly traded company was founded in 2007 and develops cell therapies to treat cancer and immune disorders. Fate is a clinical-stage company that works in the realm of immunotherapies.Some of these therapies, such as natural killer cell programs, focus on equipping a patient’s own immune system to identify and destroy infected cells. Another avenue is CAR-T therapies, which genetically modify immune cells to fight a certain cancer and integrate those fighter cells into the patient.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Beer is always good': San Diego brewers come together for 12th annual Brew FestMore than 70 breweries were in attendance on Saturday serving over 200 beers at NTC Park in Liberty Station.
Leer más »
Butler scores 23 as San Diego State takes down Wyoming 80-75Butler shot 8 for 15, including 5 for 11 from beyond the arc, for the Aztecs (12-3, 3-0 Mountain West).
Leer más »
BYU men’s basketball defeats San Diego 68-48Fousseyni Traore led BYU with 15 points as the Cougars cruised past host San Diego 68-48 on Saturday.
Leer más »
Longtime San Diego official collecting three pensions while advising mayorPreviously, the city changed the rules to allow Jay Goldstone to keep working as chief operating officer.
Leer más »
Developer to build 34 affordable housing units in 5 days, San Diego mayor takes a lookSan Diego Mayor Todd Gloria says he expects people to start living in these units within six months.
Leer más »
Dry, Cool Weather in San Diego County With Another Storm Expected Late MondayMostly dry and cool conditions will continue through Monday evening, with another in a series of Pacific storm systems bringing widespread rainfall, strong winds and high-elevation snow to the region late Monday night and Tuesday.
Leer más »