Brief: Ryvu Therapeutics Announces Strategic Reorganization To Extend Cash Runway

Ryvu Therapeutics SA

25/02/2025 07:55

Feb 25 (Reuters) - Ryvu Therapeutics SA  RVU.WA :
    * ANNOUNCES STRATEGIC REORGANIZATION TO EXTEND CASH RUNWAY
    * TO LAY OFF UP TO 95 EMPLOYEES, ABOUT 30% OF WORKFORCE
    * TO RETAIN ABOUT 200 EMPLOYEES POST LAYOFF
    * HALTS RECRUITMENT OF NEW PATIENTS FOR RVU120 STUDY

Source text:  urn:newsml:reuters.com:*:nEM2y170Fa
Further company coverage:  RVU.WA 

 (Reporting by Gdańsk Newsroom)
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