Trends and Finance

Candel Therapeutics to lay off 50% of workforce, refocus on advanced oncology immunotherapies

Candel Therapeutics, a biopharmaceutical company focused on developing cancer-fighting immunotherapies, will lay off 50% of its workforce.

November 28, 2023

Scipher Medicine, Quest Diagnostics collaborate on RA diagnostics

Scipher Medicine and Quest Diagnostics have announced a multiyear collaboration to expand access to diagnostic services for patients with rheumatoid arthritis (RA).

November 28, 2023

Nasdaq issues delisting notice to T2 Biosystems

T2 Biosystems has received a delisting notice from Nasdaq after failing to satisfy the minimum $35 million market value of listed securities threshold required to remain listed.

November 27, 2023

10x Genomics awarded $31M in patent infringement lawsuit against NanoString Technologies

10x Genomics has been awarded more than $31 million in damages by a jury in the U.S. District Court for the District of Delaware in its patent infringement lawsuit against NanoString Technologies.

November 20, 2023

Exact Sciences files patent infringement lawsuit against Geneoscopy

Exact Sciences has filed a patent infringement lawsuit against Geneoscopy alleging that Geneoscopy’s recently launched colorectal screening test infringes on a patented method used in Exact Science’s Cologuard assay.

November 17, 2023

Cytovale raises $84M in series C funding

Medical technology firm Cytovale has raised $84 million in a series C financing round that the firm says it will use to expand the commercialization of its 10-minute IntelliSep test.

November 16, 2023

AnchorDx, DiaCarta to collaborate on cancer diagnostics

Biotech company AnchorDx has entered into a long-term partnership with molecular diagnostics firm DiaCarta to develop and commercialize cancer diagnostic products for the global market.

November 14, 2023

Talis Biomedical to lay off 90% of workforce, pursue strategic alternatives

POC testing company Talis Biomedical has announced that it will lay off 90% of its employees and has begun exploring strategic alternatives.

November 15, 2023

Jury finds Guardant Health liable for $83.4M in patent infringement lawsuit

A jury in the U.S. District Court for the District of Delaware found that Guardant Health infringed on patents held by TwinStrand Biosciences and licensed to the University of Washington.

November 15, 2023

Siemens Healthineers to implement layoffs at NJ facility

To consolidate the manufacturing of its Atellica Solution platform at its Dublin facility, Siemens will lay off the workforce involved in the production of the platform at its Flanders, NJ, manufacturing facility.

November 6, 2023

Flatiron Health, Guardant Health to integrate tests, EMR platform

Flatiron Health and Guardant Health have signed an agreement to integrate Guardant’s genomic profiling test portfolio into Flatiron’s cloud-based OncoEMR electronic medical record (EMR) platform.

November 1, 2023

Nationwide health innovation network drives specialty lab space growth

Seeking to better compete with traditional tech hubs in California and Massachusetts, Texas builds momentum to accommodate more startup and established life sciences laboratories involved in cutting-edge medical research.

November 2, 2023

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