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
- Repare Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Business Wire
- Repare Therapeutics Inc. (NASDAQ: RPTX) had its price target lowered by analysts at HC Wainwright from $10.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Repare Therapeutics Provides Business and Clinical Update and Reports Fourth Quarter and Full Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Repare Therapeutics Provides Business and Clinical Update and Reports Fourth Quarter and Full Year 2024 Financial ResultsBusiness Wire
- Sohn Montreal Investment Conference Announces Speaker Lineup for Inaugural May 2025 Event [Yahoo! Finance]Yahoo! Finance
RPTX
Earnings
- 3/3/25 - Beat
RPTX
Sec Filings
- 3/6/25 - Form 4
- 3/6/25 - Form 4
- 3/6/25 - Form 4
- RPTX's page on the SEC website