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Vor Bio downgraded to Hold from Buy at JonesResearch

JonesResearch analyst Justin Walsh downgraded Vor Bio (VOR) to Hold from Buy without a price target after the company announced it is exploring a range of strategic alternatives. The firm cites the wind down of Vor’s clinical and manufacturing operations and its 95% workforce reduction for the downgrade. The company’s planned and ongoing clinical trials as well as manufacturing operations have been suspended immediately, JonesResearch points out.

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