Atea Pharmaceuticals Cuts Workforce by 25%

Dow Jones

03-07

By Sabela Ojea

Atea Pharmaceuticals cut its workforce by around 25% during the first quarter.

The clinical-stage biopharmaceutical company on Thursday said that the cuts, aimed at enhancing efficiency across its expenditure structure, are expected to lead to savings of around $15 million through 2027.

As of March 4, Atea Pharmaceuticals had 56 full-time employees.

The cuts came after the company logged a narrower loss for the fourth quarter.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

March 06, 2025 17:28 ET (22:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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@sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 17:28 ET (22:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVIR","symbol_name":"Atea Pharmaceuticals, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517114581","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517114581","pubTimestamp":1741300080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Atea Pharmaceuticals cut its workforce by around 25% during the first quarter.The clinical-stage biopharmaceutical company on Thursday said that the cuts, aimed at enhancing efficiency across its expenditure structure, are expected to lead to savings of around $15 million through 2027.As of March 4, Atea Pharmaceuticals had 56 full-time employees.The cuts came after the company logged a narrower loss for the fourth quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AVIR":"Atea Pharmaceuticals, Inc."},"translate_title":"Atea Pharmaceuticals裁员25%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVIR":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Atea Pharmaceuticals cut its workforce by around 25% during the first quarter. \n\n\n  The clinical-stage biopharmaceutical company on Thursday said that the cuts, aimed at enhancing efficiency across its expenditure structure, are expected to lead to savings of around $15 million through 2027. \n\n\n  As of March 4, Atea Pharmaceuticals had 56 full-time employees. \n\n\n  The cuts came after the company logged a narrower loss for the fourth quarter. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 17:28 ET (22:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}