New blood at Rubius as struggling start-up considers future
Times are tough for cell medicine specialist Rubius Therapeutics (Nasdaq: RUBY), with the firm announcing plans to slash its workforce by 84%, part of a drastic effort to avoid bankruptcy.
The company is now mulling putting itself up for sale, or merging with a suitable partner, in order to forge a secure financial future.
Rubius has initiated a strategic review process to decide which option to pursue, as part of which it will engage the services of an investment bank to act as advisor.
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