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

(Reuters) -Australian biopharmaceutical firm Opthea 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)