Magenta issues dreaded 'exploring strategic alternatives' release after MGTA-117 failure

10 February 2023

US biotech Magenta Therapeutics (Nasdaq: MGTA) has announced the outcome of a review of its business, including the status of its programs, resources, and capabilities.

Following the review, Magenta is to halt further development of its programs and conduct a comprehensive review of strategic alternatives focused on maximizing shareholder value.

Options that Magenta is open to include an acquisition, merger, business combination, or other transaction.

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