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Vir Biotechnology to Cut 140 Jobs in Restructuring to Focus on Hepatitis Drug Development

By MarketWatch   |   Aug 1, 2024 at 05:16 PM EST
Vir Biotechnology to Cut 140 Jobs in Restructuring to Focus on Hepatitis Drug Development

Vir Biotechnology is reducing its workforce by 25% to focus on its clinical-stage pipeline. The company will cut 140 jobs and incur $11-13 million in severance expenses.

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