Biotechnology company Enzon Pharmaceuticals Inc. said Thursday that it plans to lay off nearly half its employees by the second quarter of next year.

The layoffs will leave Enzon with 47 employees, the company said in a release. Enzon said the layoffs are intended to align resources with the company's research and development activities.

Enzon, based in Piscataway, N.J., has started notifying employees of the layoffs.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.