{"id":169899,"date":"2023-08-17T21:29:02","date_gmt":"2023-08-18T02:29:02","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/08\/durham-gene-editing-firm-strikes-big-deal-its-right-sized-80-employees-exit"},"modified":"2023-08-17T21:29:02","modified_gmt":"2023-08-18T02:29:02","slug":"durham-gene-editing-firm-strikes-big-deal-its-right-sized-80-employees-exit","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/08\/durham-gene-editing-firm-strikes-big-deal-its-right-sized-80-employees-exit","title":{"rendered":"Durham gene editing firm strikes big deal; it\u2019s \u2018right-sized;\u2019 80 employees exit"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/durham-gene-editing-firm-strikes-big-deal-its-right-sized-80-employees-exit2.jpg\"><\/a><\/p>\n<p><strong>DURHAM \u2013<\/strong> A big licensing deal potentially worth hundreds of millions of dollars with an Austrlia-based company at the same time also has triggered what <a href=\"https:\/\/precisionbiosciences.com\/\">Precision Biosciences<\/a> calls a \u201cright-sized\u201d organization of the company.<\/p>\n<p>\u201cPrior to the announcement, we had 190 employees, with 110 going forward with Precision. Most of the 80 employees went with Imugene, with the remainder parting ways with a reduction in force,\u201d Mei Burris, director of investor relations and finance for the company,\u201d told WRAL TechWire.<\/p>\n<p>What \u201cright-sized\u201d means was not immediately explained in the company\u2019s announcement Tuesday night after the markets closed. The company\u2019s stock is trading at under $1 and it lost $12 million in its most recent quarter ending June 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DURHAM \u2013 A big licensing deal potentially worth hundreds of millions of dollars with an Austrlia-based company at the same time also has triggered what Precision Biosciences calls a \u201cright-sized\u201d organization of the company. \u201cPrior to the announcement, we had 190 employees, with 110 going forward with Precision. Most of the 80 employees went with [\u2026]<\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1902,11,45],"tags":[],"class_list":["post-169899","post","type-post","status-publish","format-standard","hentry","category-bioengineering","category-biotech-medical","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/169899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=169899"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/169899\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=169899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=169899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=169899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}