BRIEF-Editas Medicine Announces Strategic Transition To In Vivo Gene Editing Company

Reuters

2024/12/13

Dec 12 (Reuters) - Editas Medicine Inc :

* ANNOUNCES STRATEGIC TRANSITION TO IN VIVO GENE EDITING COMPANY WITH INTENT TO ACHIEVE HUMAN PROOF OF CONCEPT IN APPROXIMATELY TWO YEARS

* INITIATING COST SAVINGS MEASURES AND REDUCTION IN HEADCOUNT TO ALIGN WORKFORCE

* WILL ELIMINATE APPROXIMATELY 65% OF ITS WORKFORCE OVER NEXT SIX MONTHS

* INTENDS TO SHARE PRE-CLINICAL DATA AND FURTHER DEVELOPMENT TIMELINES FROM PROGRAMS IN Q1 OF 2025

* JESSICA HOPFIELD, HAS BEEN NAMED CHAIR OF BOARD, EFFECTIVE DECEMBER 31

((Reuters.Briefs@thomsonreuters.com;;))

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