Achilles Therapeutics shares are trading higher. The company announced the discontinuation of its TIL-based cNeT program, closure of the Phase I/IIa CHIRON and THETIS clinical trials and that it will refocus its strategy to explore further engagement with third parties.
Portfolio Pulse from Benzinga Newsdesk
Achilles Therapeutics shares rise as the company discontinues its TIL-based cNeT program, closes Phase I/IIa CHIRON and THETIS trials, and shifts strategy to explore third-party engagements.
September 19, 2024 | 2:29 pm
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Achilles Therapeutics' stock is trading higher following the announcement of discontinuing its TIL-based cNeT program and closing related clinical trials. The company plans to refocus its strategy on third-party engagements.
The discontinuation of the TIL-based cNeT program and closure of clinical trials indicate a significant strategic shift for Achilles Therapeutics. The market has reacted positively, likely due to the potential for new partnerships and collaborations, which could open up new opportunities and revenue streams.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100