Why eFFECTOR Therapeutics (EFTR) Shares Are Down Over 70%
Portfolio Pulse from Henry Khederian
eFFECTOR Therapeutics (EFTR) shares plummeted over 70% after the company announced it will terminate employees, wind down operations, and request delisting from Nasdaq. Craig R. Jalbert has been appointed to oversee the process.
June 24, 2024 | 3:26 pm
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eFFECTOR Therapeutics (EFTR) shares dropped over 70% after announcing employee terminations, winding down operations, and plans to delist from Nasdaq. Craig R. Jalbert has been appointed to manage the wind-down process.
The announcement of employee terminations, winding down operations, and delisting from Nasdaq are critical negative events for EFTR, leading to a significant drop in share price. The appointment of Craig R. Jalbert to manage the wind-down process further indicates the severity of the situation.
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