Synergen Cuts Workforce by 60%
Following the news that Synergen's potential treatment for severe sepsis Antril (anakinra) had shown lack of efficacy in Phase III clinical trials (Marketletter July 25), the company has announced that it is laying off 60% of its staff, around 375 positions, and will eliminate some operations and development activities. It has also closed the manufacturing plant in Boulder, Colorado, USA. These changes came into effect from August 1.
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