Spectrum Pharma (SPPI) Announces Strategic Restructuring
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Spectrum Pharmaceuticals Announces Strategic Restructuring
January 5, 2022 8:00 AM ESTWorkforce reduction of approximately 30%
Cash runway extended into 2023
Resources to be focused on late-stage assets, poziotinib and ROLONTIS®
HENDERSON, Nev.--(BUSINESS WIRE)-- Spectrum Pharmaceuticals (NasdaqGS: SPPI), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced a strategic restructuring. The company will prioritize its late-stage product opportunities, poziotinib and ROLONTIS® (eflapegrastim), and will deprioritize development activities of its early-stage clinical development and research programs. The company has made these decisions following a detailed review of its operations, portfolio... More
