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Molecular Templates Inc (MTEM) has shared an announcement.
Molecular Templates, Inc. is cutting its workforce by 30% to conserve resources and sustain its clinical studies, incurring an estimated $0.1 million in related charges. This move is expected to be completed by April’s end, with costs reflected in the second quarter’s financials. Alongside these changes, Dr. Maurizio Voi will step down as Chief Medical Officer effective April 30, 2024.
See more insights into MTEM stock on TipRanks’ Stock Analysis page.