Enmolecular Templates Layoffs

Enmolecular Templates Layoffs – It means that molecular templates paid off $27.5 million of its debt to k2, leaving an outstanding balance of around $10 million that will be paid off in the event of. It’s been an eventful year so far for molecular templates—and not in a good way. Executive editor oncology startup molecular templates is cutting 44% of its workforce and restructuring a debt agreement as it tries to stay afloat or find a buyer. People r&d austin biotech molecular templates lays off more than 100 staffers as pipeline narrows kyle lahucik senior reporter molecular templates is.

At least 64 biopharma companies have announced workforce reductions so far in 2023, resulting in 6,000 jobs lost in the industry. Mtem has paid down $27.5m of its ~$37.8m senior secured debt obligation with k2hv. The remaining balance of ~$10m will be converted into a security. The layoffs are the result of an effort to.

Enmolecular Templates Layoffs

It is a clear indication of a. It’s been an eventful year so far for molecular templates—and not in a good way. The median round of biotech layoffs this year involved about 40 employees, although at least eight drugmakers, including fate therapeutics, molecular templates.

Oncology startup molecular templates is cutting 44% of its workforce and restructuring a debt agreement as it tries to stay afloat or find a buyer.

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