Australia's Opthea announces 80% headcount reduction, management overhaul

Opthea

19/08/2025 24:03

Aug 19 (Reuters) - Australian biopharmaceutical firm Opthea OPT.AX said on Tuesday it has reduced its workforce by over 80% after a streamlining of its operations.

The company also said its chief executive and chief financial officers will be departing, following the termination of a development funding agreement entered in March.

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Mohammed Safi Shamsi)

 ((Shivangi.Lahiri@thomsonreuters.com;))