Arizona has launched the Phoenix Medical Quarter, a 100-acre hub of medical research in midtown Phoenix. Education and patient care are primary objectives for the new hub, which aims to compete with top medical centers worldwide while cementing Arizona’s leadership in biosciences. Independent Arizona senior Senator Kyrsten Sinema, who has championed the state’s healthcare and…
Biotech industry downturn: Struggles continue as layoffs mount and funding dwindles
The once-thriving biotech industry, known for breakthroughs in cell therapy, gene editing, and messenger RNA, is now showing signs of a downturn. During the early days of the pandemic, mRNA vaccine trailblazers like Moderna (Nasdaq:MRNA), Pfizer (NYSE:PFE), and BioNTech (Nasdaq:BNTX) enjoyed skyrocketing revenues, but the recent biotech industry downturn has cast a shadow over this…