SAN DIEGO — Destiny Therapeutics, a biotech upstart with large ambitions to make use of cell-based therapies to deal with autoimmune ailments and most cancers, is now planning to chop again on each jobs and experimental medicine after an early finish to a take care of Janssen.
The setback, introduced Thursday, will reduce the corporate’s dimension to 220 staff by the top of the primary quarter of this 12 months. In keeping with Pitchbook, Destiny had 545 staff in 2022, up from 449 recorded within the firm’s 2021 annual report. The agency can be dropping one among its experimental medicine, FT596, a cell-based most cancers remedy that makes use of a category of immune cells often known as pure killer cells. And the event of different therapies is being scaled again, too.
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