On June 24, 2023, Bellerophon Therapeutics Approved Reduction-In-Force Of Substantially All Of Its Employees, Including Its Executive Officers - Filing
Portfolio Pulse from Benzinga Newsdesk
Bellerophon Therapeutics has decided to reduce its workforce substantially, including its executive officers, in connection with the termination of its REBUILD Phase 3 clinical study of INOpulse for the treatment of fibrotic Interstitial Lung Disease and withdrawal of patients from ongoing INOpulse development programs. The company plans to enter into separation and/or transition agreements with its CEO, VP of Business Operations, and VP of Engineering and Manufacturing.

June 29, 2023 | 8:13 pm
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Bellerophon Therapeutics' decision to reduce its workforce and terminate its REBUILD Phase 3 clinical study could negatively impact the company's stock in the short term.
The termination of a major clinical study and the reduction of workforce, including executive officers, are significant events that could negatively impact investor confidence in the company, potentially leading to a decrease in the company's stock price in the short term.
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