Catalyst Pharma cuts workforce by 30% following Firdapse delay

17 May 2016

US rare diseases focused biopharma company Catalyst Pharmaceuticals (Nasdaq: CPRX) today announced that the company is reducing its workforce by approximately 30%.

The reduction in workforce, which affects employees from Catalyst’s commercial team, is part of the company’s ongoing efforts to conserve cash as it works to complete the requirements for a New Drug Application submission of Firdapse (amifampridine phosphate) for the treatment of Lambert-Eaton myasthenic syndrome (LEMS) and congenital myasthenic syndromes (CMS).

Catalyst licensed North American rights to Firdapse in 2012, from fellow US firm BioMarin (Nasdaq: BMRN), which launched the drug in Europe six years ago (The Pharma Letter April 20, 2010).

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