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Intellia cuts 27% of staff, in the latest wave of gene-editing layoffs

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The article from STAT News dated January 10, 2025, discusses several significant developments in the biotech industry. Intellia Therapeutics announced positive results from a Phase 1/2 trial of its CRISPR-based therapy for transthyretin amyloidosis, showing significant reduction in disease-causing protein levels. Pfizer and Bristol Myers Squibb are reportedly in talks to collaborate on a new cancer immunotherapy, aiming to combine their respective assets to enhance treatment efficacy. Eli Lilly reported successful outcomes from a late-stage trial of its Alzheimer's drug, which demonstrated a slowdown in cognitive decline. Additionally, venture capital firm Andreessen Horowitz (a16z) launched a new $750 million fund dedicated to biotech startups, signaling strong investor confidence in the sector's future. These updates highlight ongoing advancements and investments in gene editing, cancer treatment, neurodegenerative diseases, and biotech innovation.

Read the Full STAT Article at:
[ https://www.statnews.com/2025/01/10/biotech-news-intellia-pfizer-bristol-meyers-squibb-eli-lilly-cancer-a16z-the-readout/ ]