Syros Announces Planned Workforce Reduction Of ~35% Sharpens Focus Of Organization On Late-Stage Development Of Tamibarotene In MDS And AML And Ongoing Pre-Launch Activities
Portfolio Pulse from Benzinga Newsdesk
Syros Pharmaceuticals is planning a workforce reduction of approximately 35% to focus on the late-stage development of Tamibarotene in MDS and AML and ongoing pre-launch activities.
October 02, 2023 | 12:49 pm
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Syros Pharmaceuticals' planned workforce reduction could lead to short-term operational disruptions but may improve long-term financial stability by focusing on late-stage development of Tamibarotene.
The planned workforce reduction at Syros Pharmaceuticals could lead to short-term disruptions in operations, potentially affecting the company's stock price negatively in the short term. However, the move is aimed at focusing resources on the late-stage development of Tamibarotene, which could improve the company's long-term financial stability and potentially lead to a positive impact on the stock price in the long term.
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