Bavarian Nordic Closes San Diego R&D Site, Lays Off 48 Employees
Closure and Layoffs:
Bavarian Nordic, a Danish pharmaceutical company, is shutting down its research and development (R&D) site in San Diego and laying off all 48 employees at the location245.
Effective Date:
The layoffs will take effect on December 13, 2024, as per the Worker Adjustment and Retraining Notification Act notice filed with California's Employee Development Department13.
Industry Context:
This move is part of a broader trend in the pharmaceutical industry, with other companies like Novartis and Bristol Myers Squibb also announcing significant layoffs and restructuring efforts2.
Sources:
1. https://c.firstwordpharma.com/firstwordgroup/assets/images/vaccineproduction.jpg?sa=X&ved=2ahUKEwj7283z8qSKAxUZIkQIHcVgO4AQB16BAgCEAI
2. https://www.biospace.com/biospace-layoff-tracker
3. https://c.firstwordpharma.com/firstwordgroup/assets/images/vaccineproduction.jpg?sa=X&ved=2ahUKEwiDhcvz8qSKAxVCGDQIHVZ2BlQQB16BAgJEAI
4. https://sdbn.org/san-diego-biotech-news/2024/12/11/bavarian-nordic-plans-to-shut-down-san-diego-rd-site-lay-off-48-employees/
5. https://www.cafepharma.com/content/bavarian-nordic-plans-shut-down-san-diego-rd-site-lay-48-employees