ADC Therapeutics Cuts 30% Staff, Closes London Facility, Refocuses Pipeline
Pharmaceutical Industry News Update: Layoffs and Restructuring Dominate 2024 LandscapeIn a challenging year for the pharmaceutical and biotech sectors, numerous companies have announced significant layoffs and restructuring efforts throughout 2024. These moves come as firms grapple with pipeline setbacks, changing market dynamics, and the need to streamline operations in an increasingly competitive landscape.