AP Pharma cuts workforce by 34%
AP Pharma, a California, USA-based specialty drug firm, has implemented a reduction of about 34% in its work force. The actions are being taken to allow the company to provide the resources needed to continue advancing its lead program, APF530, towards regulatory approval and commercialization. APF530 is a long-acting formulation of granisetron that utilizes AAP's proprietary Biochronomer drug delivery system. The New Drug Application for the compound was submitted earlier this month for the prevention of chemotherapy-induced nausea and vomiting.
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