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MorphoSys Takes $252.1m Impairment Charge As It Slims Down R&D

 
• By Alaric DeArment

The company will close down early-stage research programs brought under its wing through last year’s acquisition of Constellation Pharmaceuticals.

female scientist working with microscope
MorphoSys is slimming down its R&D in relation to last year's acquisition of Constellation Pharmaceuticals • Source: Shutterstock

MorphoSys AG is trimming its pipeline and centralizing research and development activities at a hub in Germany in relation to its acquisition last year of Constellation Pharmaceuticals. The move means the company will close down US discovery biology and drug discovery as well as earlier-stage programs that were part of the Constellation pipeline, but it also enables the company to focus on later-stage programs that have made progress since the acquisition.

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