Bellerophon Therapeutics lets almost all employees go, looks for deals in wake of PhIII flop
Less than a month after admitting failure in a highly anticipated trial of its only program, Bellerophon Therapeutics is waving the white flag.
The biotech’s board approved laying off “substantially all” of its employees, including its executive officers, Bellerophon disclosed in a Thursday filing. CEO Peter Fernandes, VP of business operations Parag Shah and VP of engineering and manufacturing Martin Dekker will all leave. Bellerophon had 18 full-time staffers at the end of 2022, according to its annual report.
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