Gossamer Bio has reduced its workforce by nearly half as part of a cost-saving strategy following the failure of its only late-stage candidate in a Phase 3 study for pulmonary arterial hypertension. This decision raises concerns about the future of the company's pipeline.
Gossamer Bio reported last month that its only late-stage candidate failed a Phase 3 study in pulmonary arterial hypertension, casting doubt on the asset's future prospects.
Original title: “Gossamer Nearly Halves Workforce in Savings Push After Late-Stage Hypertension Fail”