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After Phase III Amyloidosis Failure Prothena Slashes Workforce In Restructuring

 
• By Lucie Ellis-Taitt

In the backlash following the failure of its late-stage amyloidosis drug, Prothena has announced it will cut 57% of its workforce as part of a restructuring plan.

Bricks
Prothena launches restructuring plan, culls workforce

Prothena Corp. PLC will cut more than half of its workforce under recently announced reorganization plans that were set into motion after the failure of its lead pipeline candidate NEOD001 in April 2018.

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