uniQure refocuses pipeline as part of strategic review
Dutch human gene therapy specialist uniQure (Nasdaq: QURE) says it has completed a company-wide strategic review aimed at refocusing its pipeline, consolidating its manufacturing and enhancing overall execution to drive shareholder value.
As a result of this initiative, the company will prioritize programs in hemophilia B, Huntington's disease and those associated with its landmark collaboration with Bristol-Myers Squibb (NYSE: BMY) in cardiovascular disease. Additionally, it will restructure its R&D organization in the Netherlands and consolidate manufacturing in the USA.
These actions are expected to reduce operating expenses and create a more efficient company focused on the successful and timely development of gene therapies for patients with serious unmet medical needs. Notwithstanding, uniQure’s shares fell 6.5% to $7.77 in US trading by mid-morning.
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