Idorsia could cut “up to 500 positions” in R&D and associated support functions as the Swiss drugmaker finds ways to save cash until it can turn things around with its insomnia drug, Quviviq.
The cost reduction initiative carries the ambitious goal of chopping cash burn at its Allschwil headquarters by half, starting early next year. To that end, it will review the pipeline and product portfolio to find any projects that can either be halted or handed off through deals.
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