Cidara Therapeutics Cuts Workforce to Prioritize CD388 Influenza Prevention Program
- Cidara Therapeutics is reducing its workforce by 30%, impacting 20 positions, to focus on the clinical development of CD388, an influenza prevention therapy.
- The company plans to initiate a Phase IIb trial of CD388 for influenza A and B prevention in the Northern Hemisphere's upcoming flu season.
- Cidara reacquired rights to CD388 from Johnson & Johnson for $85 million and is now responsible for its development and marketing, with potential milestone payments to J&J.
- Despite promising Phase IIa data showing a numerical decrease in influenza virus replication, the reduction was not statistically significant.
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