Third Harmonic and Inventiva slash workforces

12 February 2025

American biotech Third Harmonic Bio (Nasdaq: THRD) and France's Inventiva (Euronext: IVA) have announced plans to reduce their respective workforces by 50% as part of cost-cutting measures.

Both companies are shifting their focus to a single clinical program, discontinuing early-stage research, and conserving cash as they navigate financial pressures.

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