Kari V.

Latest on MDMA rejection; Novo vs. Lilly earnings; Recursion, Exscientia to merge; Q&A with Genentech CEO; and more https://lnkd.in/gRuf3XRp Welcome back to Endpoints Weekly, your review of the week’s top biopharma headlines. Want this in your inbox every Saturday morning? Current Endpoints readers can visit their reader profile to add Endpoints Weekly. New to Endpoints? Sign up [...] #LosAngeles #OrangeCountyCA #Biotech #Lifescience #News

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Layoffs Announced at 2 Big Bay Area Biotech Firms Two large Bay Area biotech firms have announced layoffs that will impact over 500 workers. Genentech will be cutting 436 jobs at its South San Francisco headquarters. Sanofi, which is headquartered in Paris, will also be cutting 100 jobs at its South SF office, according to notices filed with the California Employee Development Department. The Genentech layoffs were for employees at its HQ at 1 DNA Way in South San Francisco. The Sanofi layoffs are due to the planned closure of its South San Francisco facility at 2 Tower Place, according to EDD filings. Sanofi’s layoffs are scheduled to begin taking effect on June 3. According to the San Francisco Business Times, the job cuts are part of the company’s plan to divest itself from Amunix Pharmaceuticals Inc., a Peninsula drug maker it acquired in 2021. https://lnkd.in/gvtQdvdP #aspenalert #biotech #bioprocess

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💊 Seattle Accelerates in Life-Sciences Sector Growth 💊 Seattle-Bellevue-Tacoma ranks among the top 25 fastest-growing regions for life-science talent, buoyed by significant increases in biological and biomedical degree completions. 🔹 Educational Growth: Seattle witnessed a 15.1% rise in life-science graduates from 2017 to 2022, indicating strong local academic support for the industry. 🔹 Economic Impact: Life sciences significantly contribute to Washington's economy, with substantial job creation and revenue generation. 🔹 Industry Infrastructure: The area hosts a dense cluster of life-sciences companies, benefiting from state-supported programs that drive innovation and development. The Seattle area's comprehensive growth across educational, economic, and infrastructural dimensions establishes it as a key player in the national life-sciences landscape, poised for sustained progress and innovation. #LifeSciences #SeattleEconomy #InnovationGrowth #UpendoStaffing #LoveWhatYouDo

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