Shares of Editas, the gene-editing company were down 23% at $1.45 on Friday. Editas announced a strategic shift, ending its development of reni-cel and cutting its workforce by 65%. The company ...
Editas stock falls as it ends development of reni-cel for SCD and TDT following failed attempts to find a commercial partner. It plans to cut workforce by 65%.
Editas ended the third quarter with cash reserves of around $256 million, down from $318 million three months earlier. It said at the time that was enough to fund operations to the middle of 2026, but ...