Pieris Looks For Way Out After AstraZeneca Exits Respiratory Collaboration

Will Cut Workforce By 70%

The US biotech is hoping to either partner off its wholly owned pipeline or become a target for an acquisition or merger after AstraZeneca’s asthma exit left it with dwindling cash, and a need to cut costs.  

business man choosing between different doors, choice concept
Pieris Is Considering A Broad Range Of Business Strategies • Source: Shutterstock

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