Slimmer Rallybio to concentrate on best chance of success
The long and winding road of biopharma development has taken another turn for Rallybio (Nasdaq: RLYB), with the firm opting to slash almost half of its workforce to preserve cash.
The Connecticut, USA-based firm, which is working with AbCellera (Nasdaq: ABCL) on antibodies for rare diseases, said the restructuring would enable it to extend its cash runway out to the middle of 2026.
Less than a year ago, the firm switched horses and scrapped its lead candidate to focus on another option targeting neonatal alloimmune thrombocytopenia (FNAIT).
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