18
Jan

Back in January of 2012, Third Rock’s upstart epigenetics play Constellation Pharmaceuticals landed a three-year deal with a marquee development partner. Genentech agreed to step in, provided a cash commitment of $95 million to cover part of the Cambridge, MA-based biotech’s R&D overhead, and added an option to buy the company. Now the collaboration part of the deal is complete, and on Friday the biotech quietly laid off 23 staffers as it sketched out a path that would allow it to go it alone–if Genentech doesn’t acquire the company by its deadline later this year.

…read more

Source: Exclusive: Constellation chops staff, plots go-it-alone strategy as Genentech option deadline looms

    

0 No comments