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Chiasma Responds To FDA Complete Response With 33% Staff Cut

 
• By Joseph Haas

With a near-term launch of Mycapssa unlikely, Chiasma cuts its commercial staff while it evaluates how to respond to an April complete response letter.

Three months ago, Chiasma Inc. execs spoke of being just around the corner from becoming a commercial company with the expected approval and launch of Mycapssa for acromegaly, but following an FDA complete response letter (CRL) and an apparently unsuccessful end-of-review meeting with the agency, the Boston-area biotech is slashing its headcount by 33%, much of which will come from the sales force it recently put in place.

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