Rigel to cut R&D | Chemical & Engineering News
Volume 94 Issue 38 | p. 15 | Concentrates
Issue Date: September 26, 2016

Rigel to cut R&D

Department: Business
Keywords: pharmaceuticals, restructuring, drug, resign, research

Rigel Pharmaceuticals is restructuring after receiving positive Phase III clinical results for fostamatinib, its oral SKY inhibitor for chronic immune thrombocytopenia, an autoimmune disease. The company says it will reduce its staff by 38%—eliminating 46 positions, mostly in research—as it builds a commercial organization to support the anticipated launch of the drug. The move is expected to save up to $20 million annually.

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