After $700 million and another round of layoffs, Peninsula biotech’s 22-year run nears end with merger For more information please click here to contact Tuan Nguyen By Bizjournals.com Feed (2019-07-12 16:19:27) | November 30, 2020 Even as the biotech industry thrives, the merger underscores that gobs of capital and fresh hopes are no guarantee of success. Posted in Sacramento Business Journal