US EditionBiotech with ties to Battelle shuts down as industry funding declines precipitously
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Biotech with ties to Battelle shuts down as industry funding declines precipitously
A company with close ties to Battelle Memorial Institute, one-half of the partnership with the University of Tennessee that manages Oak Ridge National Laboratory, has shut down after four years. In many respects, it’s an increasing sign of the times for biotechnology companies. After permanently closing and laying off all 212 of its employees on April 4, AmplifyBio, which was both a Contract Research Organization (CRO) and Contract Development a…
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