Infinity lays off 78% of staff, 3 board members after MEI merger fails

Infinity lays off 78% of staff, 3 board members after MEI merger fails

Submitted by admin on July 26, 2023 - 6:26pm
Source: 
Fierce Biotech
News Tags: 
Infinity Pharmaceuticals
MEI Pharma
M&A
layoffs
Headline: 
Infinity lays off 78% of staff, 3 board members after MEI merger fails
snippet: 

With hopes of a merger with MEI Pharma now sunk for good, Infinity Pharmaceuticals is jettisoning three-quarters of its staff and three board members to stay afloat while it scans the horizon for another financial life raft.

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