Columbia Laboratories

Pharma

Columbia Labs cuts 42 percent of staff, reviewing strategic options

Columbia Laboratories (NASDAQ:CBRX) is cutting 42 percent of its staff and reviewing strategic options following a complete response letter that delays the approval of a vaginal gel for high-risk pregnancies it has developed with Watson Pharmaceuticals (NYSE:WPI). The Livingston, New Jersey drug developer is reducing its workforce from 24 to 14 and the cuts will […]