Why did Allogene cancel two clinical trials for its off-the-shelf cell therapy?

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Hello! Today, we discuss why a cell therapy stalwart is pivoting, and why a Feng Zhang startup is laying off a quarter of its staff. Also, Novartis is using some of its GLP-1 windfall to invest in Flagship Pioneering startups in the cardiometabolic space.

The need-to-know this morning

We’ve got a news lull ahead of next week’s all-encompassing J.P. Morgan Healthcare Conference in San Francisco. Inhale. Relax. Exhale.

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