Following a setback with the company’s experimental major depressive disorder medicine in December, SAGE Therapeutics will initiate a corporate restructuring that includes halving the drug manufacturer’s employee headcount in order to focus resources on the development of the product pipeline.
Cambridge, Massachusetts-based Unum Therapeutics announced a restructuring in order to shift assets toward the company’s preclinical program, BOXR1030, for solid tumors.
As Sanofi continues to undergo a planned renovation announced in December 2019, the company will do so without four long-time executives.
Teva Pharmaceutical Industries said a two-year restructuring enabled the world’s largest generic drugmaker to turn a corner, as the company reported slightly better than expected fourth-quarter 2019 results.
With a busy week for biotech quarterly and annual reports, here is a look at some of the top stories.
Netherlands-based Kiadis Pharma is discontinuing Phase III development of lead T-cell asset ATIR101 and laying off half of the company’s staff, seven months after acquiring CytoSen.
Halozyme Therapeutics is restructuring after halting development of a metastatic pancreatic cancer drug that failed to demonstrate an improvement in overall survival in a Phase III trial.
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Acorda Therapeutics will terminate approximately 25 percent of headcount as the company initiates a corporate restructuring.
Five Prime Therapeutics Inc. will eliminate 70 jobs while undergoing a restructuring to extend the company’s cash runway.