financetom
Business
financetom
/
Business
/
Sarepta to cut 500 jobs after gene therapy setback
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sarepta to cut 500 jobs after gene therapy setback
Jul 16, 2025 1:28 PM

July 16 (Reuters) - Sarepta Therapeutics ( SRPT ) said

on Wednesday it would lay off 36% of its workforce, or about 500

employees.

The workforce reduction comes shortly after the company

reported two deaths due to acute liver failure in non-ambulatory

Duchenne muscular dystrophy patients who had received its gene

therapy, Elevidys.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BWX Technologies Gets Contracts for 2 Major Nuclear Energy Projects in Canada
BWX Technologies Gets Contracts for 2 Major Nuclear Energy Projects in Canada
Jan 27, 2025
05:38 PM EST, 01/27/2025 (MT Newswires) -- BWX Technologies ( BWXT ) said late Monday it received contracts worth more than CA$1 billion ($695.5 million) for two major nuclear energy projects in Canada. One of the contracts involves manufacturing 48 steam generators at the company's facility in Cambridge, Ontario, for the Pickering life extension program. BWX said it is performing...
Nucor posts lower fourth-quarter results; sees steel market improving
Nucor posts lower fourth-quarter results; sees steel market improving
Jan 27, 2025
Jan 27 (Reuters) - U.S. steelmaker Nucor Corp ( NUE ) reported a drop in fourth-quarter revenue and profit on Monday, as selling prices declined in its mills and products segments. The industry has been struggling as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports. Nucor (...
CNX Resources Closes $505 Million Acquisition in Appalachian Basin
CNX Resources Closes $505 Million Acquisition in Appalachian Basin
Jan 27, 2025
05:37 PM EST, 01/27/2025 (MT Newswires) -- CNX Resources ( CNX ) closed the $505 million cash acquisition of the natural gas upstream and associated midstream business in the Appalachian Basin of Apex Energy II, a portfolio company of funds managed by Carnelian Energy Capital Management. The acquisition is expected to be immediately accretive to free cash flow per share,...
89bio Launches $250 Million Securities Offering -- Shares Down After Hours
89bio Launches $250 Million Securities Offering -- Shares Down After Hours
Jan 27, 2025
05:37 PM EST, 01/27/2025 (MT Newswires) -- 89bio (ETNB) said late Monday it launched a public offering of $250 million in common shares or, in lieu of shares, pre-funded warrants to purchase such shares. The company expects to grant a 30-day overallotment option to the underwriters to acquire up to $37.5 million of additional shares. 89bio plans to use the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved