Thread regarding GlaxoSmithKline PLC layoffs

Rapt Therapeutics - Let's see how this one plays out.

Not sure about layoffs but here we go...

GSK Acquires Rapt Therapeutics for $2.2 Billion

https://www.fiercepharma.com/pharma/astellas-ceo-bd-plan-takeda-us-layoffs-chugai-chase-name-recognition

The pharma industry saw several significant developments. GSK acquired Rapt Therapeutics for $2.2 billion, primarily for a phase 2 food allergy dr-g. Takeda is laying off 243 U.S. neuroscience employees ahead of Trintellix's patent expiry. Pfizer sold its 11.7% stake in ViiV Healthcare to Shionogi for $1.9 billion. Astellas CEO stated the company will not pursue "rescue BD" despite an upcoming patent cliff. Chugai seeks greater name recognition and external partnerships as part of its long-term strategy.


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GSK Reduces Global R&D Staff by Up to 350

https://www.fiercebiotech.com/biotech/gsk-plans-lay-350-rd-workers-across-us-uk

GSK is trimming its global research and development workforce. Up to 350 employees across the U.S. and U.K. will be affected by these changes. The company stated it is reallocating resources to key priorities and investing in technology. GSK also plans to boost its R&D budget and accelerate dr-g discovery. The dr-gmaker intends to invest $30 billion in U.S. R&D and supply chain infrastructure over five years.

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