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Agennix Halves Headcount, Closes Houston Site, Following Talactoferrin Failure In NSCLC

 
• By John Davis

German biotech Agennix makes drastic cuts following second late-stage clinical trial failure of its investigational oral immunotherapy talactoferrin.

German biotech Agennix AG is to cut its workforce by 55%, or around 37 employees, and close its facility in Houston, Texas, following the failure of its lead compound, talactoferrin, in the Phase III Fortis-M clinical study in non-small cell lung cancer (NSCLC).

There will be significant headcount reductions in both its U.S. and German workforces, the company said in a tersely worded statement released Aug. 24. The restructuring will leave Agennix with...

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More from Europe

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• By Neena Brizmohun

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• By Eliza Slawther

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