Brief: Codiak BioSciences To Pursue Asset Sale Through Voluntary Chapter 11 Process

Codiak BioSciences,.

27/03/2023 12:21

March 27 (Reuters) - Codiak BioSciences, Inc.  CDAK.O :
    * CODIAK BIOSCIENCES TO PURSUE ASSET SALE THROUGH VOLUNTARY
CHAPTER 11 PROCESS
    * CODIAK BIOSCIENCES, INC. - WILL SEEK TO PURSUE A SALE
PROCESS
FOR ITS ASSETS WHICH IS INTENDED TO MAXIMIZE VALUE OF COMPANY
    * CODIAK BIOSCIENCES, INC. - EXPECTS TO CONSUMMATE A SALE OF
ENTIRE BUSINESS OR ITS CORE ASSETS AS SOON AS REASONABLY
PRACTICABLE
    * CODIAK BIOSCIENCES - CO'S EXECUTIVE MANAGEMENT TEAM,
INCLUDING
DR. WILLIAMS, LINDA C. BAIN CFO, TREASURER WILL BE DEPARTING CO
EFFECTIVE APRIL 7
    * CODIAK BIOSCIENCES, INC. - DR. WILLIAMS WILL REMAIN ON
BOARD

Source text for Eikon:  ID:nGNX3kYsmT 
Further company coverage:  CDAK.O 

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