Rentschler Biopharma is moving away from cell and gene therapies as part of a strategic realignment, opting to focus more on biologics.
As part of the shift, the contract development and manufacturing organization (CDMO) will close its site in Stevenage, UK. The firm cited weak growth in the sector as a key factor behind the decision.
“The cell and gene therapy market has experienced slower-than-expected growth, with demand across the industry not meeting our expectations,” said chief executive Benedikt von Braunmühl.
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