July 26, 2023 06:54 AM EDTUpdated 07:05 AM

Infinity Pharmaceuticals lays off 78% of staff, shrinks board after MEI merger fail

Katherine Lewin

News Reporter

Infinity Pharmaceuticals is scrambling to reduce its “burn rate” after the proposed merger with MEI Pharma fell through, turning to layoffs and a downsized board …

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Infinity Pharmaceuticals lays off 78% of staff, shrinks board after MEI merger fail

Katherine Lewin

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In­fin­i­ty Phar­ma­ceu­ti­cals lays off 78% of staff, shrinks board af­ter MEI merg­er fail

Katherine Lewin

News Reporter

Sign up to read this article for free.

Among phar­ma CEOs, the IRA now and the IRA lat­er get very dif­fer­ent re­ac­tions

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An­drew Left, short sell­er who cam­paigned against Valeant, is ac­cused of fraud by SEC

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Infinity Pharmaceuticals lays off 78% of staff, shrinks board after MEI merger fail

Among pharma CEOs, the IRA now and the IRA later get very different reactions

Bristol Myers restarts radiopharmaceutical Phase 3 trial, but delays readout by one year

Updated: With cost-cutting underway, Bristol Myers raises guidance, touts Phase 3 win and scraps another

Andrew Left, short seller who campaigned against Valeant, is accused of fraud by SEC

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