Skeleton crew keeps lights on as Imara faces uncertain future
In a filing with the US Securities and Exchange Commission (SEC), Boston-based rare disease specialist Imara (Nasdaq: IMRA) has disclosed savage job cuts as part of an extensive restructuring.
Only six full-time employees will remain at the firm following the plan, which comes after disappointing results from interim analyses of the Phase IIb ARDENT study.
The company was testing tovinontrine in sickle cell disease and beta thalassemia, as well as in a type of heart failure, but opted to axe the program following the negative readout.
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