ArsenalBio sheds most of staff in pivot to in vivo CAR-T
fiercebiotech.com
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> The downsizing marks another low moment for a biotech that was once a fundraising powerhouse. ArsenalBio raised $325 million two years ago with the backing of Bristol Myers Squibb and Regeneron, and also boasted a partnership with Roche’s Genentech.
> ArsenalBio’s goal at the time was to develop CAR-T therapies for solid tumors, an area of notable difficulty. There are currently no approved CAR-T medicines for any solid tumors, only blood cancers.