Keyword: Agenus

Incyte cash boost not enough to stave off major Agenus cuts

After Incyte and Agenus retooled their R&D pact last month, which gave the biotech access to some quick cash, it appeared that something was amiss; today, Agenus said it will be closing its Basel site; “consolidate” key functions to its Cambridge, U.K., and Lexington, Massachusetts, facilities, and “phase out” around 50 staffers from across its business by the fall.