Ultragenyx has announced plans for significant cuts. This decision comes after an experimental rare-disease drug failed in a late-stage clinical trial.

The company's vow to make cuts is a response to the drug's poor performance in the trial. Further details about the cuts and the trial are available from The Business Journals.

The outcome of the clinical trial has prompted Ultragenyx to reevaluate and make adjustments, resulting in the planned significant cuts. For more information on the company's plans and the circumstances surrounding the decision, readers can refer to The Business Journals.