Achilles Therapeutics Discontinued Its TIL-Based cNeT Program And Closed Phase 1/2A CHIRON and THETIS Trials, And It Will Refocus Its Strategy To Explore Further Engagement With Third Parties, The Company Has Engaged BofA Securities To Provide Strategic Financial Advice
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Achilles Therapeutics has decided to discontinue its TIL-based cNeT program and close its Phase 1/2A CHIRON and THETIS trials. The company plans to refocus its strategy on exploring further engagement with third parties and has engaged BofA Securities for strategic financial advice.
September 19, 2024 | 11:12 am
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Achilles Therapeutics is discontinuing its TIL-based cNeT program and closing its CHIRON and THETIS trials. The company will now focus on third-party engagements, with BofA Securities providing strategic advice.
The discontinuation of the cNeT program and closure of trials suggest a significant shift in Achilles Therapeutics' strategy, which could lead to short-term negative sentiment. The engagement with BofA Securities indicates a potential strategic pivot, but the immediate impact is likely negative due to halted programs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100