Lexicon Pharmaceuticals said it will make a strategic repositioning of its portfolio and fire workers as it seeks to reduce costs by $40 million in 2025.
The biopharmaceutical company on Tuesday said it will reduce the headcount by more than 75, or around 50% of its current field force, by the end of the third quarter.
https://www.marketwatch.com/story/lexicon-pharmaceuticals-to-lay-off-staff-seeks-to-save-40m-by-2025-14ee018d