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TC BioPharm Restructures, Cuts Workforce up to 30%

Actions are expected to result in cost savings of $3 million on an annual basis to prioritize its pending lead U.S. clinical programs.

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By: Kristin Brooks

Managing Editor, Contract Pharma

TC BioPharm, a clinical stage biotechnology company developing platform allogeneic gamma-delta T cell therapies for cancer, announced a corporate restructuring plan to reduce costs and prioritize its pending lead U.S. clinical programs.   In connection with the restructuring, the company is reducing its workforce up to 30%, with the majority of the reduction expected to be completed during the first half 2023.  The remaining team will support both current and future clinical trials and combina...

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