Repare Therapeutics cuts quarter of its workforce and prioritises clinical assets [Yahoo! Finance]
Repare Therapeutics Inc. - Common Shares (RPTX)
Company Research
Source: Yahoo! Finance
The Canadian biotech, which posted a net loss of $34.8m in Q2 financial results earlier this month, said it would focus on the advancement of lunresertib and camonsertib, as well as the RP-1664 and RP-3467 programmes while preclinical research and discovery activities will be drawn back, as per a 28 August press release. Repare has 179 employees, according to GlobalData's Pharma Intelligence Centre. The majority of those let go by the company are those working in the preclinical group, as per a 1 August SEC filing. The company stated it expects to incur charges of $1.5m–$2m relating to the restructuring, consisting of one-time cash payments for termination benefits. Repare expects to execute most of its plan by Q3 this year, saving around $15m annually that will extend its cash runway into the second half of 2026. Repare's plan to focus its operations on its clinical programmes will “maximise value for patients and our shareholders”, said Repare's CEO Lloyd M Sega. The compan
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RPTX
News
- CNL’S CNRI-H Program Continues Strong Growth Thanks to New Projects With Repare Therapeutics and Defence Therapeutics [Canadian Business Journal (Canada)]Canadian Business Journal
- Repare Therapeutics Inc. (NASDAQ: RPTX) was downgraded by analysts at Bloom Burton from a "strong-buy" rating to a "hold" rating.MarketBeat
- Repare Therapeutics Announces Portfolio Re-Prioritization, Partnering Initiatives and Cost ReductionsBusiness Wire
- Repare Therapeutics Inc. (NASDAQ: RPTX) had its "market perform" rating re-affirmed by analysts at Lifesci Capital.MarketBeat
- Repare Therapeutics eyes Phase III cancer study after Mythic trial success [Yahoo! Finance]Yahoo! Finance
RPTX
Earnings
- 2/28/24 - Miss
RPTX
Sec Filings
- 2/14/25 - Form SCHEDULE
- 1/31/25 - Form SCHEDULE
- 1/15/25 - Form SCHEDULE
- RPTX's page on the SEC website