Cidara Therapeutics Restructures Workforce By 30% To Focus On Planned Clinical Development Of CD388
Portfolio Pulse from Benzinga Newsdesk
Cidara Therapeutics is reducing its workforce by 30% to focus on the clinical development of CD388, a drug candidate for influenza A and B. This strategic move aims to reduce capital needs and prioritize upcoming trials. The company is also pursuing business development for its oncology programs.
September 12, 2024 | 8:09 pm
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Cidara Therapeutics is restructuring its workforce by 30% to focus on the development of CD388, a novel drug candidate for influenza. This move is expected to reduce capital needs and prioritize clinical trials.
The workforce reduction indicates a strategic shift to focus resources on the development of CD388, which could lead to successful trials and future revenue. This is a positive sign for investors as it shows a clear focus on promising drug candidates.
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