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Sana Biotechnology will lay off 29% of workforce

GeekWire

Sana Biotechnology will reduce its workforce by 29%, the Seattle-based cell and gene therapy company revealed in a SEC filing Tuesday. It reported a net loss of $114 million in its most recent second quarter. Sana previously cut 15% of its staff in November. The company said it had $325.9

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Adaptive Biotechnologies lays off about 100 people, 12% of headcount, to ‘streamline our workforce’

GeekWire

Chad Robins, left, is co-founder and CEO of Adaptive Biotechnologies, which he co-founded with his brother, Harlan Robins, right, the company’s chief scientific officer. Adaptive Biotechnologies Photo). Adaptive Biotechnologies is laying off 12% of its workforce, or about 100 employees, GeekWire has learned. “We million in 2020.

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Adaptive Biotechnologies revenue rises 57% in 2021 to $154.3M

GeekWire

Adaptive Biotechnologies , which develops technology to assess the immune response, posted $154.3 Net loss for 2021 came in at $207.3 million in the fourth quarter, up 26%, with a net loss of $61.4 Adaptive moved into its new headquarters in September. Co-founders Harlan (left) and Chad Robins on the new plaza. million in 2020.

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Sana Biotechnology boosts IPO range, looks to raise $517 million

GeekWire

Sana Biotechnology — the Seattle upstart that’s looking to treat a variety of diseases through gene therapy and cell engineering — is generating buzz on Wall Street. That would net the biotechnology company $517 million if it sold at the midpoint of that range. But like many emerging biotech companies it is losing money.

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Sana Biotechnology files to go public, looks to cure disease by modifying genes in the body

GeekWire

Less than three years after it was founded and with no revenue on the books, Sana Biotechnology has f iled to go public. And like many biotechnology companies it is losing money. It had accumulated a deficit of $316 million as of last September, and its net loss for the first nine months of last year totaled $172 million.

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Adaptive Biotech hires Goldman Sachs to explore ‘strategic alternatives’ for key business lines

GeekWire

Adaptive Biotechnologies CEO Chad Robins speaks at the GeekWire Summit in 2019. Adaptive’s net loss came in at $50.3 Adaptive reported third quarter revenue of $37.9 million, down 21% compared to the same period last year. Immune Medicine accounted for $13.3 million in revenue, down 52%. Meanwhile, MRD revenue was $24.7

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Biotech companies fuel IPO boom in Washington state over the past year

GeekWire

In the previous four years, Adaptive Biotechnologies was the only Washington state biotech company to go public. But now “investors are casting a wider net,” and “they recognize that there’s more out there,” according to Freedman, who is based in Fenwick’s San Francisco offices but also conducts business in Seattle.