Corporate DownsizingCARM announced a reduction in workforce by 37%, which may signal cost-cutting measures due to financial constraints.
Drug Efficacy ConcernsTwo patients in the study had low grade cytokine release syndrome and were treated with corticosteroids, which diminishes CT-0508 activity.
Pipeline SetbacksCARM is ceasing further development of its lead candidate, CT-0508, and prioritizing CT-0525, which has not yet entered the clinic.