Cyteir Therapeutics shares are trading higher after the company announced that it is discontinuing all development of CYT-0851, dissolving the company and liquidating its assets.
Portfolio Pulse from Benzinga Newsdesk
Cyteir Therapeutics has announced that it will discontinue all development of CYT-0851, dissolve the company, and liquidate its assets. This has led to a rise in the company's share prices.
June 30, 2023 | 2:33 pm
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Cyteir Therapeutics' decision to discontinue CYT-0851, dissolve the company, and liquidate assets has led to a short-term increase in its share prices.
The decision to discontinue CYT-0851 and dissolve the company indicates a significant change in Cyteir Therapeutics' business strategy. This has led to increased investor interest, driving up the company's share prices in the short term. However, the long-term impact of this decision remains uncertain.
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