Trial stumble leads to major downsizing at RAPT Therapeutics

23 July 2024

In San Francisco, RAPT Therapeutics (Nasdaq: RAPT) has announced a substantial workforce reduction as part of its cash conservation strategy.

The company plans to lay off approximately 40% of its employees, impacting 47 staff members, leading to around $1 million in restructuring costs.

Shares in the cancer and inflammatory disease specialist have fallen around 10% in recent days.

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