Kronos Bio announces interim CEO and workforce cuts of 83% [Yahoo! Finance]
Kronos Bio, Inc. (KRON)
Company Research
Source: Yahoo! Finance
Dr Knobelman will also become principal executive and financial and accounting officer. The company has also disclosed a significant workforce reduction, aiming to cut 83% of its employees by the end of 2024. The decision is part of Kronos Bio's ongoing strategy to reduce costs while evaluating different options to enhance stockholder value. These options may include potential business combinations or the divestiture of its internally developed preclinical assets. Dr Knobelman said: “It was a difficult decision to implement a reduction in force as we evaluate strategic alternatives for the company. We thank our departing employees for their efforts, commitment to patients and contributions to Kronos Bio. “I look forward to working closely with the board of directors as we pursue the optimal path forward for the company.” Knobelman takes over from Norbert Bischofberger, who will step down from his position as president and CEO on the same date. Despite his departure from e
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KRON
News
- Kronos Bio Shakes Up Leadership - Cuts 83% Of Workforce Amid Strategic Overhaul [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Announces CEO Transition and Reduction in ForceGlobeNewswire
- Kronos Bio Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Highlights Preclinical Data that Show p300 KAT Inhibitors Reduce Inflammation in an Oral Presentation at ACR Convergence 2024 [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Highlights Preclinical Data that Show p300 KAT Inhibitors Reduce Inflammation in an Oral Presentation at ACR Convergence 2024GlobeNewswire
KRON
Earnings
- 11/13/24 - Beat
KRON
Sec Filings
- 11/27/24 - Form 8-K
- 11/15/24 - Form EFFECT
- 11/14/24 - Form SC
- KRON's page on the SEC website