Cargo Therapeutics gains on reduced workforce, eyes merger
ReutersMar 19, 2025 9:22 AM
Shares of drug developer Cargo Therapeutics CRGX.O rise 21% to $4.60 premarket
On Tuesday, co said it is reducing its workforce by about 90%
CRGX appointed Anup Radhakrishnan as interim CEO to lead the co through a potential merger or acquisition
As of December 31, 2024, co had about 167 full-time employees - SEC filing
Co also said it is stopping its experimental cancer therapy, CRG-023, and allogeneic platform
Earlier this year, co halted a mid-stage trial for cancer treatment
CRGX has $368.1 million in cash, as of December 31, 2024
CRGX fell 36.5% last year
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
12 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
