Gritstone bio lays off 40% of staff following Covid vaccine trial delay
Vaccine biotech Gritstone bio is cutting its headcount by about 40% after it announced earlier this month that the Phase IIb trial of its next-gen Covid-19 vaccine has been delayed.
On Feb. 12, the company said that the start of the 10,000-patient study for the Covid vaccine would be delayed until the fall of 2024. It was supposed to begin in the first quarter of this year with up to $433 million in funding from the US Department of Health and Human Services, the Administration for Strategic Preparedness and Response and the Biomedical Advanced Research and Development Authority (BARDA).
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