Startup companies
fromSFGATE
3 months agoBay Area biotech company slashes staff after losing $655 million in value
Pliant Therapeutics is cutting 45% of its workforce to extend cash runway after halting a major trial due to safety issues.
"I think we'll all agree that this year we've let far too many people down. As we've seen, getting some important things right (Arc Ultra and Ace are remarkable products!) is just not enough when our customers' alarms don't go off, their kids can't hear their playlist during breakfast."