Since late 2022, bad news in biotech has been nearly inescapable: flopped trials, slashed drug pipelines, bankruptcies and ...

Overall, biotech layoffs claimed at least 10,000 jobs within the sector last year, according to data compiled by BioPharma Dive. Many of those jobs were at smaller biotech companies more ...

Brian Buntz, the pharma and biotech editor at Drug Discovery & Development, says companies across the industry have contributed to biotech layoffs in early 2024, driven by factors ranging from ...

The biotech index fund XBI has climbed nearly 9% so far in 2023 and is up 11.74% over the last six months, trading at $88.80 per share. At its peak on Feb. 5, 2022, the XBI was trading at $166.78.

But the stock market paints a different picture of an industry that is a linchpin of the Massachusetts economy. For more than a year, U.S. biotech stocks have been down overall, some by up to 80% ...

Gina Calvanese got laid off from Jounce Therapeutics, a struggling Cambridge biotech, in April but landed a higher-paying, six-figure administrative job at a Boston drug maker within days.

Biotech industry leaders share cautious optimism for 2023 amid downturn and layoffs by Charlotte Schubert on December 27, 2022 at 7:53 am Share 8 ...

Layoffs in the biotech industry for 2023 have matched the total number of companies that cut staff in all of 2022, with 119 biopharmas reporting workforce reductions so far this year, according to ...

Layoffs have been a fixture of the biotech industry this year, a symptom of ongoing economic troubles. The fourth quarter was no exception.

Layoffs and Shutdowns Hit Biotech Industry in U-Turn After years of easy money and heady growth, funding is slim and stocks are down By Joseph Walker Feb. 10, 2023 5:30 am ET ...

After some years of a thriving life sciences job market, the Maryland biotech industry has had more than 1,200 layoffs in the last year, according to the State of Maryland’s Work Adjustment and ...