Viracta Thera pins hopes on lead lymphoma program
Viracta Therapeutics (Nasdaq: VIRX) has announced a significant restructuring to prioritize its lead oncology candidate, nana-val (valganciclovir/valganciclovir sodium), aimed at treating certain people with peripheral T-cell lymphoma (PTCL).
The Cardiff, California-based biotech said it would lay off around two-fifths of its workforce to align resources with its narrowed focus on this program.
The decision comes shortly after the company reduced its workforce by 23% in an earlier restructuring. The company estimates that expenses for severance and related benefits will total approximately $700,000.
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