UMass medical school’s manufacturing business trims 36 positions
MassBiologics has notified 36 employees that their roles will be cut effective Feb. 3 to “right-size” its operations, a spokesperson confirmed to Endpoints News, adding that there will be around 80 employees left after the layoffs.
“MassBiologics is not immune from market-related factors impacting so many biotech and life sciences companies at this time,” the spokesperson noted, adding that such challenges include “high overhead, underutilized biomanufacturing capacity and, in this case, steadily waning demand for Td [tetanus and diphtheria toxoids adsorbed] vaccine.”
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