Breaking News

OncoMed Cuts Workforce in Half

Will focus on advancing three clinical-stage programs to milestones

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

OncoMed Pharmaceuticals, a biopharma company developing anti-cancer therapeutics, will cut its workforce by approximately 50% in an effort to focus on advancing three clinical-stage programs and continue immuno-oncology drug discovery and development. The company is seeking to partner select pipeline assets.  The workforce reduction will result in 64 remaining full-time employees. OncoMed expects to realize cost savings of approximately $60 million over the next two years and anticipates havi...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters