Having an approved and marketed drug is not enough to keep a biopharmaceutical company alive in the current financing environment in which stock prices are down and public offerings are not viable fundraising options for many firms. Impel Pharmaceuticals, Inc., with an acute migraine treatment on the market, is a prime example of a drug maker struggling to stay afloat.
Finance Watch: Impel’s Cash Has Nearly Run Out Despite Commercial Push
Emergent Reduces CDMO Services, Cuts 400 Jobs
Restructuring Edition: Impel eliminated R&D spending earlier this year to focus on Trudhesa commercialization, but is examining all options, including bankruptcy, as its funding runs out. Also, Alaunos, BioXcel and others announce job cuts and strategic shifts during second quarter updates.
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