Cuts for Black Diamond as runway's end nears

10 October 2024

Cancer start-up Black Diamond Therapeutics (Nasdaq: BDTX) has announced a significant restructuring as part of its plan to focus resources on its lead drug, BDTX-1535.

The move is aimed at advancing the therapy through pivotal development and extending the company’s cash runway until the second quarter of 2026.

In addition to focusing on its leading asset, Black Diamond has made strategic decisions to optimize its operations, including laying off part of its workforce.

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