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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. Sana, which went public in 2021, said it will continue development of its manufacturing facility in Bothell, Wash. It reported a net loss of $114 million in its most recent second quarter.

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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 Tests for five autoimmune and inflammatory conditions, including Crohn’s disease, are in earlier stages of development.

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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. Sana, which is developing gene and cell therapies that could be used to combat a variety of diseases, previously raised more than $700 million in venture capital. Sana CEO Steve Harr (Sana photo). stake in Sana.

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Seattle-based Icosavax, which is developing COVID-19 vaccines, files for IPO 4 years after launch

GeekWire

The company, a spin-out from the UW’s Institute for Protein Design , is developing vaccines to resemble naturally occurring viruses. Icosavax is also developing shots, geared for older adults, against two viruses that cause pneumonia, respiratory syncytial virus (RSV) and human metapneumovirus (hMPV). Net losses were $5.3

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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. He said the businesses are at different stages of maturity, with different capital and development needs. Adaptive’s net loss came in at $50.3 Robins said they’ve been talking for the past 18 months about their two distinct business opportunities.

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Vancouver, Wash. biotech company Absci files to go public

GeekWire

based company developing technologies to accelerate the process of drug discovery, announced today that it plans to go public via an IPO. Absci aims to circumvent current processes for developing protein-based drugs, which often require manufacture in mammalian cells, a cumbersome and difficult method. Net losses were $14.4

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