Bay Area Biotech Company Lays Off Most of its Staff Amid Financial Struggles; 83% Staff Laid Off
San Mateo, CA – Kronos Bio, a San Mateo-based biotech company once valued at $1 billion, is laying off nearly all of its remaining workforce as it faces financial turmoil and the discontinuation of its sole clinical-stage compound. The company is losing millions of dollars each month and has suffered significant setbacks in its cancer … Read more