Brief: Instil Bio Announces Extension Of Cash Runway Beyond 2026

Instil Bio

31/01/2023 22:52

Jan 31 (Reuters) - Instil Bio Inc  TIL.O :
    * INSTIL BIO ANNOUNCES EXTENSION OF CASH RUNWAY BEYOND 2026
WITH
THE CONSOLIDATION OF RESEARCH AND DEVELOPMENT OPERATIONS TO ITS
MANCHESTER, U.K. SITE
    * INSTIL TO EXTEND PREVIOUSLY ANNOUNCED REDUCTION-IN-FORCE
TO
REDUCE US HEADCOUNT
    * INITIAL CLINICAL DATA FROM ITIL-306 PROGRAM EXPECTED IN
2023
    * EVALUATING POTENTIAL SALE/SUBLEASE OF TARZANA
MANUFACTURING
SITE, OTHER FACILITIES CURRENTLY UNDER LEASE, TO EXTEND CASH
RUNWAY

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