Regulus stock plummets as company faces 60% staff cuts
San Diego, USA-based Regulus Therapeutics (Nasdaq: RGLS), a microRNA specialist biotech, saw its share price collapse on Thursday following news of an imminent restructuring.
The company, which was traded for around $0.73, fell abruptly to $0.35, a drop of around 52%.
Citing a need to extend its cash runway into 2019, Regulus has voluntarily paused recruitment for its Alport Syndrome-focused RG-012 study as well as pausing Phase I trials of RGLS4326.
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