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Theravance To Slash Headcount By 75% After Latest Clinical Trial Setback

 
• By Joseph Haas

The Phase III failure of ampreloxetine in nOH followed disappointing Phase IIb data for izencitinib in ulcerative colitis in August. Theravance narrows focus to respiratory disease, including label expansions for Yupelri.

Business reengineering
Theravance will try an overhaul focused on respiratory disease to stay viable

Earlier this year, Theravance Biopharma Inc. was looking forward to a pair of trial readouts as potential inflection points for its pipeline of organ-selective therapies. Now, however, both of those studies have failed, and the company is undertaking a substantial restructuring that includes cutting its workforce by 75% and narrowing its R&D focus to respiratory disease, including potential label expansions for Yupelri.

Theravance announced on 15 September that ampreloxetine (TD-9855) did not hit its primary endpoint in a Phase III study in...

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