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Sana Biotechnology is laying off staff and shifting its focus to B-cell associated autoimmune diseases and Type 2 diabetes, discontinuing its cancer and neurological programs. The company, which has seen its share value plummet over 80% since its IPO, aims to partner on its remaining therapies while prioritizing research that could enhance its value by 2026.
Archon Biosciences, a biotech startup co-founded by Nobel Prize winner David Baker, focuses on computational protein design to enhance biologic drugs through innovative "antibody cages." Launched with $20 million in seed funding, the company aims to improve antibody properties while minimizing changes to their structure. With plans for clinical trials and a financial runway into 2026, Archon is poised to make significant advancements in drug development.
Sana Biotechnology, Inc.
Companies
| Symbol | SANA |
| Name | Sana Biotechnology, Inc. |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Pharmaceuticals, Biotechnology & Life Sciences |
| Industry | Biotechnology |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Seattle |
| Zipcode | 98020 |
| Website | http://www.sana.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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