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Finance Watch: Biopharma Firms Get Ahead Of Q3 Updates With Restructuring Reveals

Infinity Files For Bankruptcy, Mallinckrodt’s Approved

Executive Summary

Restructuring Edition: Biogen and Sana add to their layoff totals. Exscientia announced R&D program cuts while Syros, PTC, AM-Pharma, Societal CDMO, Nighthawk and Kinnate revealed layoffs to conserve cash. Also, Impel is exploring strategic options and Applied Molecular Transport will disappear in a merger with Cyclo.

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