Brief: Allovir Inc- On January 1, Approved Reduction Of Its Workforce By Approximately 95%

Kalaris Therapeutics

04/01/2024 23:30

Jan 4 (Reuters) - Allovir Inc  ALVR.O :
    * ALLOVIR INC-  ON JANUARY 1, 2024, BOARD OF DIRECTORS OF
ALLOVIR,
INC. ("ALLOVIR") APPROVED A REDUCTION ITS WORKFORCE BY
APPROXIMATELY 95%
    * ALLOVIR INC - WORKFORCE REDUCTION WILL TAKE PLACE
PRIMARILY
DURING Q1 OF 2024 AND EXPECTS TO BE SUBSTANTIALLY COMPLETED BY
APRIL 15, 2024
    * ALLOVIR INC- ALLOVIR EXPECTS TO INCUR PERSONNEL-RELATED
RESTRUCTURING CHARGES OF APPROXIMATELY $13 MILLION

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