HilleVax Plans Reduction Of Approximately 41 Employees, Or 40% Of Its Workforce
Portfolio Pulse from Benzinga Newsdesk
HilleVax plans to reduce its workforce by approximately 40%, affecting around 41 employees. This move aims to preserve cash while continuing the development of its HIL-214 and HIL-216 norovirus vaccine candidates and related business activities.
July 31, 2024 | 8:05 pm
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HilleVax is reducing its workforce by 40% to preserve cash while continuing the development of its HIL-214 and HIL-216 norovirus vaccine candidates.
The significant workforce reduction indicates financial strain and could lead to short-term negative sentiment among investors. However, the focus on core capabilities and vaccine development may mitigate some concerns.
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