Generation Bio jumps on strategic review, deep job cuts
ReutersAug 13, 2025 11:52 AM
Shares of drug developer Generation Bio GBIO.O rise 30% to $5.28 premarket
Late on Tuesday co said it is exploring strategic alternatives, including a sale, merger, or asset deal, with TD Cowen advising
Co also restructuring with about a 90% workforce reduction by end of October
Co posted Q2 sales of $765,000, well below analysts' est of $3.1 mln - LSEG
Co reported Q2 loss per share of $3.12, compared to estimate loss of 2.85/share - LSEG
Co also said its experimental drug delivery system successfully targeted immune cells in monkey studies for the first time and showed promise for treating autoimmune diseases by blocking key immune cell proteins
As of last close, stock down 61% YTD
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