Silicon Valley Journals 
More than a year after reducing its workforce, Gamida Cell has resorted to layoffs to keep its long-delayed plans for its blood cancer treatment omidubicel on track. Last November, the FDA revealed that it was unlikely to make an approval decision before May 1, three months later than previously predicted. According to a full-year earnings … Read more
Only a few months after quietly reducing its workforce, iCad is laying off yet another group of employees. iCad, based in New Hampshire, is developing imaging and radiotherapy technologies to improve breast, prostate, and colorectal cancer detection and treatment, led by its artificial intelligence-powered 3D mammography software. The company announced in a filing with the … Read more
Another biotech company has died. This time, it’s Codiak Biosciences, whose efforts to deliver exosome-based therapeutics have failed. Codiak has filed for Chapter 11 bankruptcy and will seek a buyer for the entire company or its core assets “as soon as reasonably practicable,” the company announced this morning. Province’s Paul Huygens has already been appointed … Read more
According to its most recent Form 13F filing with the Securities and Exchange Commission, Romano Brothers AND Company acquired a new stake in Sylvamo Co. (NYSE:SLVM – Get Rating) during the fourth quarter. The institutional investor paid approximately $127,000 for 2,607 shares of the company’s stock. Other major investors have recently increased or decreased their … Read more
First Citizens BancShares Inc. has agreed to buy Silicon Valley Bank, which was taken over by regulators after a run on the bank. According to a statement from the Federal Deposit Insurance Corp., the Raleigh, North Carolina-based bank entered into a purchase and assumption agreement for all of SVB’s deposits and loans. The transaction includes … Read more
Google waives paid maternity and sick leave for employees who are laid off. In response, over 100 former employees formed the “Retrenchment on Leave” group. As a result, they are requesting that the US company demonstrate good faith and honor all authorized leaves until January 20, 2023. According to CNBC, Google refuses to pay maternity and … Read more
Snapchat’s parent company, has quietly acquired Th3rd, a 3D scanning studio, for an undisclosed sum. According to a company spokesperson, four team members from the Netherlands-based Th3rd have joined Snap as part of the acquisition. Snap has acquired a number of augmented reality (AR) companies in recent years. Snap paid $500 million in May 2021 … Read more
GT Medical Technologies Inc., a medical device company dedicated to improving the lives of patients suffering from brain tumors, announced a $45 million Series C financing led by Gilde Healthcare Partners, with participation from existing institutional investors MVM Partners, MedTech Venture Partners, and BlueStone Venture Partners. This round of funding will go toward expanding the … Read more
The Science Museum of Minnesota is laying off 15 employees, and another 15 positions are being eliminated. According to a spokesperson, attendance at the St. Paul attraction has not recovered from the pandemic, resulting in a budget shortfall in 2023. The cuts will take effect before the fiscal year ends in June. Due to reduced … Read more
Better Therapeutics, in an all-too-familiar echo of fellow digital therapeutics maker Pear Therapeutics’ recent desperate attempts to cut costs, has begun making its own cost-cutting moves. According to a filing (PDF) with the US Securities and Exchange Commission on Friday, Better is laying off approximately 35% of its employees. According to the company’s most recent … Read more