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Finch To Wind Down, Seek Value For Pipeline Assets And IP

 
• By Joseph Haas

Following two workforce cuts in 2022, Finch said it will cut its staff by 95%, halting a Phase III study of lead recurrent C. diff candidate CP101 and seeking to maximize shareholder value.

Closing shop
Finch Therapeutics is closing shop after recent setbacks • Source: Shutterstock

Finch Therapeutics Group, Inc. battled to keep its microbiome-focused programs going through two workforce reductions in 2022, but now it appears to be ceding the fight. On 24 January, the Somerville, MA-based firm said it will reduce its headcount by roughly 95%, with the affected positions ending in February, and discontinue a Phase III trial of lead candidate CP101 in recurrent Clostridium difficile infections.

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