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BioSpace
Original article

Genentech culls 103 jobs, inks $490M-plus biobucks deal with Astex

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Summary

Genentech announced 103 job cuts as part of ongoing restructuring that has totaled nearly 450 California layoffs over the past year, while simultaneously partnering with Astex Pharmaceuticals in a deal valued at over $490 million.

Importance:6/10
Sentiment:
-0.30
RestructuringLayoffsPartnershipLicensing DealM&A
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Published by BioSpace on July 6, 2026 2:09 PM

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