NGM Bio slims down in strategic pivot, cutting 75% of staff and halting a midstage liver disease program

California biotech NGM Bio is slimming down as the company pivots focus, shedding around 75% of staff, pausing development of a phase 2 liver disease asset and halting further investment in discovery and preclinical work, the company confirmed in a statement to Fierce Biotech.

May 12, 2025 - 12:06
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NGM Bio slims down in strategic pivot, cutting 75% of staff and halting a midstage liver disease program
California biotech NGM Bio is slimming down as the company pivots focus, shedding around 75% of staff, pausing development of a phase 2 liver disease asset and halting further investment in discovery and preclinical work, the company confirmed in a statement to Fierce Biotech.