Three years ago, mRNA biotechnology was poised to provide just what the world needed to fight SARS-CoV-2. Researchers already had been working to develop nucleotide therapies for cancers and infectious disease, and the pandemic gave companies an immediate proving ground for speeding up development and demonstrating what such technology could accomplish. Capitalizing on the resulting success, developers of mRNA and related oligonucleotides now are looking to the future and addressing a number of manufacturing challenges to ensure widespread access to…
Wednesday, July 26, 2023 Daily Archives
Biogen Q2: Jobs slashed to save $1bn, plus biosimilar burdens
The ‘Fit for Growth’ program will generate $300 million for future R&D but at the cost of 1,000 jobs. Meanwhile, Biogen faces supply issues in its flat biosimilar business. In its Q2 earnings this week, Biogen reported revenues of $2.46 billion, down 5% on the same period last year. The disappointing results were described by senior management as evidence of Biogen’s business being “in transition,” and to help turn the ship around the firm has launched its “Fit for Growth”…