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Aims to preserve cash while maintaining core capabilities.
August 1, 2024
By: Charlie Sternberg
HilleVax, Inc., a clinical-stage biopharmaceutical company focused on developing and commercializing novel vaccines, has announced a workforce reduction of 40%—or about 41 employees—to reduce its operating expenses. The layoffs are intended to preserve cash while maintaining core capabilities as the company explores the potential for continued development of its HIL-214 and HIL-216 norovirus vaccine candidates as well as business development-related activities for these vaccine candidates. Read about more layoffs in the biopharma sector.
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