Gene therapy biotech Capsida lays off workers after expanding AbbVie pact, adding Lilly collab
Gene therapy startup Capsida Biotherapeutics said it is laying off employees, months after unveiling two Big Pharma partnerships that brought in $125 million.
Capsida CEO Peter Anastasiou declined to comment on the number of employees impacted. At the end of May, Capsida had 138 employees, per a tally from data firm PitchBook.
The Thousand Oaks, CA-based startup follows some of its gene therapy peers and other fledgling drug developers by downsizing in the past 18 months, with many citing the state of financing for the industry’s young batch of companies.
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