06:36 AM EDT, 10/10/2024 (MT Newswires) -- Gritstone bio (GRTS) shares fell as much as 38% in recent Thursday premarket activity after the clinical-stage biotechnology company said it made a Chapter 11 filing for bankruptcy.

The company said it is filing first day motions in its Chapter 11 case and plans to continue advancing its clinical programs throughout the court-administered restructuring process.

Price: 0.1230, Change: -0.08, Percent Change: -38.00