BRIEF-Black Diamond Therapeutics Announces Restructuring Plan To Focus Resources On Bdtx-1535 And Extend Cash Runway

Reuters

2024-10-08

Black Diamond Therapeutics Inc :

* BLACK DIAMOND THERAPEUTICS ANNOUNCES RESTRUCTURING PLAN TO FOCUS RESOURCES ON BDTX-1535 AND EXTEND CASH RUNWAY

* BLACK DIAMOND THERAPEUTICS INC - WILL DEPRIORITIZE BDTX-4933 AND SEEK POTENTIAL PARTNERS

* BLACK DIAMOND THERAPEUTICS INC - COST SAVINGS EXPECTED TO EXTEND CASH RUNWAY INTO Q2 2026

* BLACK DIAMOND THERAPEUTICS INC - RESTRUCTURING EXPECTED TO FUND OPERATIONS INTO Q2 2026

* BLACK DIAMOND THERAPEUTICS - BLACK DIAMOND IS ACTIVELY SEEKING PARTNERSHIPS AS IT DEPRIORITIZES ITS BDTX-4933 PROGRAM IN RAF/RAS-MUTANT SOLID TUMORS

* BLACK DIAMOND THERAPEUTICS INC - CFO FANG NI AND CPO ELIZABETH MONTGOMERY DEPARTING BLACK DIAMOND

* BLACK DIAMOND THERAPEUTICS- TO ENABLE FOCUSED INVESTMENT IN BDTX-1535, TAKEN STEPS TO OPTIMIZE OPERATIONS, INCLUDING A REDUCTION IN FORCE

Source text for Eikon: Further company coverage:

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WILL DEPRIORITIZE BDTX-4933 AND SEEK POTENTIAL PARTNERS</p><p>   * BLACK DIAMOND THERAPEUTICS INC - COST SAVINGS EXPECTED TO EXTEND CASH RUNWAY INTO Q2 2026</p><p>   * BLACK DIAMOND THERAPEUTICS INC - RESTRUCTURING EXPECTED TO FUND OPERATIONS INTO Q2 2026</p><p>   * BLACK DIAMOND THERAPEUTICS - BLACK DIAMOND IS ACTIVELY SEEKING PARTNERSHIPS AS IT DEPRIORITIZES ITS BDTX-4933 PROGRAM IN RAF/RAS-MUTANT SOLID TUMORS</p><p>   * BLACK DIAMOND THERAPEUTICS INC - CFO FANG NI AND CPO ELIZABETH MONTGOMERY DEPARTING BLACK DIAMOND</p><p>   * BLACK DIAMOND THERAPEUTICS- TO ENABLE FOCUSED INVESTMENT IN BDTX-1535, TAKEN STEPS TO OPTIMIZE OPERATIONS, INCLUDING A REDUCTION IN FORCE</p><p>Source text for Eikon:    Further company coverage:   </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LENZ","symbol_name":"Therapeutics","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2473352824","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473352824","pubTimestamp":1728332817,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Black Diamond Therapeutics Inc   :   * BLACK DIAMOND THERAPEUTICS ANNOUNCES RESTRUCTURING PLAN TO FOCUS RESOURCES ON BDTX-1535 AND EXTEND CASH RUNWAY   * BLACK DIAMOND THERAPEUTICS INC - 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WILL DEPRIORITIZE BDTX-4933 AND SEEK POTENTIAL PARTNERS   * BLACK DIAMOND THERAPEUTICS INC - COST SAVINGS EXPECTED TO EXTEND CASH RUNWAY INTO Q2 2026   * BLACK DIAMOND THERAPEUTICS INC - RESTRUCTURING EXPECTED TO FUND OPERATIONS INTO Q2 2026   * BLACK DIAMOND THERAPEUTICS - BLACK DIAMOND IS ACTIVELY SEEKING PARTNERSHIPS AS IT DEPRIORITIZES ITS BDTX-4933 PROGRAM IN RAF/RAS-MUTANT SOLID TUMORS   * BLACK DIAMOND THERAPEUTICS INC - CFO FANG NI AND CPO ELIZABETH MONTGOMERY DEPARTING BLACK DIAMOND   * BLACK DIAMOND THERAPEUTICS- TO ENABLE FOCUSED INVESTMENT IN BDTX-1535, TAKEN STEPS TO OPTIMIZE OPERATIONS, INCLUDING A REDUCTION IN FORCESource text for Eikon:    Further company coverage:","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}