Histogen to explore strategic options, shares up

Histogen

05/07/2023 22:40

** Shares of drug developer Histogen Inc  HSTO.O  rise about
33% to 97 cents in after hours trading 
    ** Co to commence a process to explore strategic
alternatives 
    ** Says paused development activities to preserve remaining
resources and extend cash runway
    ** Adds, does not intend to make further disclosures on
strategic review process unless a specific course of action is
approved by the board
    ** YTD stock down 12.3%

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))