Arpida initiates major cost-cutting program
Swiss drug developer Arpida says it has begun a "significant" cost-cutting program to focus resources on its lead product iclaprim, an antibiotic that received a negative recommendation from US Food and Drug Administration advisors in November.
The Reinach-based company intends to reduce its workforce by up to 60 employees. Arpida added that it will now thoroughly analyze the situation with external experts to determine the future development of iclaprim. The basis for this analysis will be the full FDA response and the publication of a Phase II oral step-down therapy trial.
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