The move comes as the company looks to increase its focus on its ex vivo cell therapy product line. In November, the company cut 15 percent of its 500-person staff, GeekWire reported Oct. 10. The company did not report the exact number of workers affected in this round of layoffs.
As of June 30, the company said it had $325.9 million in cash, down from the $434 million it had reported a year earlier. The company, which went public in 2021, said that it would continue development of its Bothell, Wash.-based manufacturing facility.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.