Nagesh Mahanthappa, Scholar Rock founder and CEO

Bear mar­ket forces Schol­ar Rock, po­ten­tial­ly years away from piv­otal SMA da­ta, to lay off a fourth of its staff

An­oth­er biotech is feel­ing the pain of the seem­ing­ly ever­last­ing bear mar­ket, re­port­ing lay­offs and a shake­up in the C-suites late Mon­day.

Dark­horse SMA play­er Schol­ar Rock said in its first quar­ter SEC re­port that it’s plan­ning to lay off 39 peo­ple, re­duc­ing its over­all head­count by 25%, and not­ed CMO Yung Chyung will step down by the end of June. Ex­ecs en­act­ed the lay­offs to pri­or­i­tize its two clin­i­cal-stage pro­grams and ex­tend its cash run­way through the end of next year, the com­pa­ny said.

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