Ferring shuts down U.S.-based research institute after more than 25 years, cutting nearly 90 employees

Ferring Pharmaceuticals is closing its San Diego-based research arm, resulting in layoffs that will affect 89 employees in California.

The company told employees about plans to shut down the Ferring Research Institute, according to a statement provided to Fierce Biotech. No additional job losses are expected in the U.S.