Immunotherapy Biotech Genocea Closes Down As Sector Slump Deepens

Second Closure Of 2022

The neoantigen immunotherapy company is a casualty of slow R&D progress and a squeeze on biotech finance – and more firms are in the firing line.

Longfellow Bridge Cambridge / Boston
The Longfellow Bridge connecting Boston and Cambridge: many of the worst affected companies are based in the world famous biotech hub. • Source: Shutterstock

Cambridge, MA-based biotech company Genocea Biosciences has closed down operations and made its remaining employees redundant after running out of cash.

Genocea is the second NASDAQ-listed biotech to close down this year, following Kaleido Biosciences in early April, and is...

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