Precigen narrows focus and cuts workforce
US cell and gene therapy company Precigen (Nasdaq: PGEN) has announced a strategic reprioritization of the company's clinical portfolio and streamlining of resources.
There will be a reduction of more than 20% of the company’s workforce, to focus on potential commercialization of the PRGN-2012 AdenoVerse gene therapy for the treatment of recurrent respiratory papillomatosis (RRP).
According to Precigen, these strategic changes substantially reduce required resources for non-priority programs and will enable the company to focus on pre-commercialization efforts on PRGN-2012.
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