Cibus Inc. Announces Realigned Organization to Advance its Commercial Opportunities
Cibus, Inc. - Class A (CBUS)
Company Research
Source: GlobeNewswire
SAN DIEGO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Cibus, Inc. (Nasdaq: CBUS) (the "Company"), a leading agricultural technology company that develops plant traits to license to seed companies for royalties, announced a restructuring and cost reduction initiatives, including a reduction in force (“RIF”), to optimize the Company’s business and cost structure in alignment with its strategic priority to advance its nearest-term commercial opportunities. The Company expects these actions, along with other initiatives, to generate cost savings of approximately $10 million on an annualized run-rate basis. When these and other initiatives are fully implemented by early 2025, the Company expects them to translate to a reduction in monthly cash use by approximately 20%. These initiatives are a result of the Company’s realigned organization focused on its herbicide resistant traits in Rice, continuing development of its Soybean platform and leveraging its family of multi-crop traits that include
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CBUS
News
- Cibus and Biographica Announce Collaboration Using Artificial Intelligence (AI) to Advance Disease Resistance in Canola and Oilseed Rape [Yahoo! Finance]Yahoo! Finance
- Cibus and Biographica Announce Collaboration Using Artificial Intelligence (AI) to Advance Disease Resistance in Canola and Oilseed RapeGlobeNewswire
- Cibus to Participate in the 13th Annual Roth Technology ConferenceGlobeNewswire
- Cibus Achieves Additional Milestone for Next Generation Gene Edits for Sclerotinia Resistance in Canola [Yahoo! Finance]Yahoo! Finance
- Cibus Achieves Additional Milestone for Next Generation Gene Edits for Sclerotinia Resistance in CanolaGlobeNewswire
CBUS
Earnings
- 11/7/24 - Miss
CBUS
Sec Filings
- 11/20/24 - Form 4
- 11/18/24 - Form 8-K
- 11/18/24 - Form 144
- CBUS's page on the SEC website