Phoenix Biotech Closes, 90 Jobs Lost | Phoenix News

Phoenix-based biotech firm Pinnacle Transplant Technologies is shutting down its local facility, laying off 90 employees by year’s end due to plummeting revenue from shifting Medicare and Medicaid payment policies — a stark reminder that even successful companies can face sudden collapse when policy changes hit their bottom line. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7e7a00481c10ae2b