- cafead Jul 26, 2024 at 11:32: AM
via Cue Biopharma has instituted strategic restructuring measures with a plan to focus on autoimmune programs and carry out a workforce reduction.
The company plans to fire 25% of its staff, which along with other cash reduction measures is expected to save Cue Biopharma $30m in operating expenses in 2025. The company added that following the restructuring its cash runway will extend to mid-2025.
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The company plans to fire 25% of its staff, which along with other cash reduction measures is expected to save Cue Biopharma $30m in operating expenses in 2025. The company added that following the restructuring its cash runway will extend to mid-2025.
article source