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Finance Watch: Aileron, Talaris, Frequency And The Search For Strategic Alternatives

Job Cuts Continue As Programs Fail, Cash Dwindles

 
• By Mandy Jackson

Public Company Edition: Aileron, Talaris and Frequency said they will reduce expenses and seek options for maximizing shareholder returns under tough stock market conditions. However, CureVac and Supernus are among firms recently able to access new cash – $250m and $150m, respectively.

Finance Watch Public Company
• Source: Alamy

Strong clinical trial readouts can lead to surging stock prices and big follow-on public offerings (FOPOs), and in a less rocky market failed trial readouts mean that a biopharma company’s stock price may dip and a FOPO is not imminent. In the current volatile environment for publicly traded firms, failed studies are leading to significant cost cuts, massive layoffs and searches for strategic alternatives that may ultimately lead to dissolution of drug developers.

Aileron Therapeutics, Inc, Talaris Therapeutics, Inc. and Frequency Therapeutics Inc. are the latest companies to simultaneously disclose...

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• By Andy Smith

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• By Andrew McConaghie

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Saudi Arabia Plans Advanced Manufacturing Campus Under Biotech Drive

 
• By Aakash Babu

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• By Joseph Haas

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