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Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce

  • AbCellera Biologics Inc. Has announced layoffs of 10% of its workforce, aiming to focus on developing new antibody medicines for COVID-19 patients.
  • The company plans to incur approximately US$2.5 million in cash expense due to these layoffs.
  • AbCellera had recently received significant funding to expand its Vancouver manufacturing plant for the production of antibodies and conduct clinical trials.
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BIV News broke the news in on Wednesday, November 29, 2023.
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