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Local pharma slashes workforce
Posted 11 April 2025 AM
Opthea's woes continue, with the Melbourne-based biotech announcing it is reducing its workforce by two-thirds in order to save cash.
The move comes after calamitous results from its Phase 3 COAST trial of VEGF-C and VEGF-D inhibitor sozinibercept, or OPT-302, in combination with Bayer's Eylea failed to meet its primary endpoint.
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Posted 11 April 2025 AM
Opthea's woes continue, with the Melbourne-based biotech announcing it is reducing its workforce by two-thirds in order to save cash.
The move comes after calamitous results from its Phase 3 COAST trial of VEGF-C and VEGF-D inhibitor sozinibercept, or OPT-302, in combination with Bayer's Eylea failed to meet its primary endpoint.
To see the whole article, please login
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