Ocular Therapeutix Announces Strategic Reduction In Force, Eliminates 37 Employees, Or 13% Of Workforce, To Focus On AXPAXLI Clinical Development For Wet Age-Related Macular Degeneration
Portfolio Pulse from Benzinga Newsdesk
Ocular Therapeutix has announced a strategic reduction in its workforce, eliminating 37 employees, or 13% of its total workforce. This move is aimed at focusing resources on the clinical development of AXPAXLI for wet age-related macular degeneration.
June 03, 2024 | 1:20 pm
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Ocular Therapeutix has reduced its workforce by 13% to concentrate on the clinical development of AXPAXLI for wet age-related macular degeneration. This strategic move could streamline operations and potentially accelerate the development of their key product.
The reduction in workforce indicates a strategic shift to prioritize resources on the development of AXPAXLI, which could lead to more efficient operations and faster progress in clinical trials. This is likely to be viewed positively by investors focused on the company's long-term growth and product pipeline.
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