Quebec City, Canada-based Medicago, a biopharmaceutical subsidiary of Mitsubishi Tanabe Pharma and a developer of plant-based vaccines and therapeutics, has announced that it will be ceasing all subsidiary activities.
The closure will impact all employees located at its Durham, North Carolina manufacturing facility which attempted to produce a plant-based Covid-19 vaccine that ultimately failed to gain widespread regulatory approval.
A company spokesperson attributed the closure and layoffs to the company restructuring its workforce to align with its changing business needs."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?