STUNG: Aduro CEO Stephen Isaacs reach­es for the bud­get ax — again — on the heels of their lat­est set­back with No­var­tis

A lit­tle less than a year ago, Aduro $ADRO CEO Stephen Isaacs start­ed 2019 by whack­ing about a third of the staff. In what’s be­come an an­nu­al event now, he’s kick­ing off 2020 by evis­cer­at­ing the re­main­ing staff, lay­ing off 51 staffers while cut­ting more than half the head count at the Bay Area biotech.

As SVB Leerink’s Daina Gray­bosch not­ed Thurs­day evening, the lat­est down­siz­ing — which in­cludes clos­ing their sub in the Nether­lands — comes af­ter No­var­tis kicked loose their STING ag­o­nist ADU-S100.

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