Adaptimmune absorbs TCR² to extend cash runway and broaden T-cell pipeline

Adaptimmune absorbs TCR² to extend cash runway and broaden T-cell pipeline

Source: 
Fierce Biotech
snippet: 

What do TCR² Therapeutics and Adaptimmune have in common? They’re both T-cell-focused drug developers that have been shedding staff in recent weeks to stay afloat. Now, they’re combining into one company in the latest example of a growing trend for biotech-on-biotech mergers.