Turnstone Biologics Corp. ( (TSBX) ) has shared an announcement.
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Turnstone Biologics Corp. has initiated a strategic reorganization to hone its focus on advancing its Phase 1 TIDAL-01 program, resulting in a 60% reduction in its workforce and a reshuffling of its leadership team. These changes are designed to streamline operations, extend the company’s financial runway into the second quarter of 2026, and enhance shareholder value. The restructuring includes severance and outplacement support for affected employees and comes alongside the departure of key executives. Saryah Azmat has been promoted to Chief Operating Officer, and Wendy Worcester is appointed as the Principal Financial and Accounting Officer, signaling a new era of leadership aimed at driving the clinical development of innovative therapies for solid tumors.
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