A quarterly snapshot of job expansions, reductions and availability in the biotech and pharma sectors.
AstraZeneca is set to expand its presence in China by spearheading the creation of a new life sciences park in Wuxi, just west of Shanghai. The UK-based pharma joins Sweden’s BioVentureHub, the Skolkovo Foundation of Russia and the UK BioIndustry Association as founding partners of the International Life Science Innovation Park, which will be built by the Wuxi city government. The park will support AstraZeneca’s R&D efforts at its current China Commercial Innovation Center and provide multinational companies with laboratory space, equipment and support, as well as links to local universities and hospitals.
Three years after it paid almost $6 billion for Bay Area biotech Stemcentrx, a string of setbacks has AbbVie trying to stem its losses. The company has laid off 178 Stemcentrx employees after a halted phase 3 trial for Rova-T (rovalpituzumab tesirine) in December forced it to take a $4 billion write-off. In 2016, Stemcentrx had 240 employees.
Other companies that announced layoffs in the first quarter include Five Prime Therapeutics, which cut 41 (20%) from its research, pathology and manufacturing divisions; Aduro Biotech, which will reduce headcount by 37% after deprioritizing several programs, including its personalized live-attenuated, double-deleted Listeria monocytogenes (pLADD) immunotherapy, in order to extend its cash into 2022; Singapore-based Aslan Pharmaceuticals, which said in January that it will reduce its headcount by 30% and cut operating expenses by 50%; and, finally, Compugen, which will eliminate 35 positions, primarily from R&D. The company said the cuts will extend its cash runway through mid-2020 and allow an expansion study of COM701, a monoclonal antibody targeting poliovirus receptor–related immunoglobulin domain that is in phase 1 testing for solid tumors.
Advertised biotechnology and pharmaceutical sector jobs in the job databases tracked by Nature Biotechnology were slightly down in the first quarter of 2019 (Tables 1 and 2) compared with the previous quarter (Nat. Biotechnol. 37, 194, 2019).
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Francisco, M. First-quarter biotech job picture. Nat Biotechnol 37, 569 (2019). https://doi.org/10.1038/s41587-019-0120-4