04:25 AM EDT, 06/10/2025 (MT Newswires) -- Molecular Partners ( MOLN ) said Tuesday it plans to reduce its workforce by up to 24%, or up to 40 positions.

The company said it expects its cash runway to extend into 2028, beyond its previous outlook of 2027, as a result of the job cuts.

Molecular Partners ( MOLN ) expects the full implementation of the changes to be enacted by the end of this year and the cost reduction to become fully effective in early 2026.