CollPlant Terminates AbbVie Partnership, Cuts Staff

CollPlant has officially ended its partnership with AbbVie, a significant development for the regenerative medicine company. This termination is accompanied by a substantial workforce reduction, with the company cutting its staff by 50%. The reasons behind the partnership's dissolution and the extent of the workforce reduction were not detailed in the provided information. This move likely signals a strategic shift for CollPlant as it navigates its future product development and business operations.