Waltham, Massachusetts–based Aerovate Therapeutics will lay off “nearly all of its workforce” in the coming months following the Phase IIb failure of its candidate for pulmonary arterial hypertension, the company disclosed to the SEC on June 25. Aerovate added that it has already notified 39 people—78% of its workforce—of their terminations.
https://www.biospace.com/article/biospace-layoff-tracker-2023-athenex-shutters-facility-cuts-staff/