Brief: Generation Bio Will Seek To Sublease Planned GMP Facility

Generation Bio

21/06/2022 14:26

June 21 (Reuters) - Generation Bio Co  GBIO.O :
    * GENERATION BIO - WILL SEEK TO SUBLEASE PLANNED GMP
FACILITY, AND
WILL ADOPT A MORE CAPITAL EFFICIENT, MODULAR, AND FLEXIBLE
MANUFACTURING APPROACH
    * GENERATION BIO - PROJECTS SMALLER GMP MANUFACTURING
FOOTPRINT,
ENABLED BY FURTHER PROCESS DEVELOPMENT OF RAPID ENZYMATIC
SYNTHESIS OF CEDNA AT SCALE
    * GENERATION BIO CO - CAPITAL REALLOCATED FROM FACILITY
BUILDOUT
EXPECTED TO EXTEND CASH RUNWAY INTO 2025
    * GENERATION BIO - CHANGE IN MANUFACTURING STRATEGY NOT
EXPECTED
TO AFFECT PRODUCTION OF CEDNA FOR ONGOING RESEARCH ON LIVER,
RETINA & VACCINE PROGRAMS

Source text for Eikon:  ID:nGNX44KcCq 
Further company coverage:  GBIO.O 

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