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-0.00371747211895911 -0.0301115241635688 0.00371747211895911 0.00185873605947956 -0.0342007434944237 -0.0342007434944237 -0.033457249070632 -0.0245353159851301
Stock impact report

Vincerx Pharma to Implement Cost-Controls to Support Advancing Phase 1 Study of VIP943 [Yahoo! Finance]

Vincerx Pharma, Inc. (VINC) 
Company Research Source: Yahoo! Finance
The company has seen encouraging safety, efficacy, and tolerability results in the study, with one patient achieving a complete remission. To focus resources on VIP943, Vincerx will reduce its workforce by 55% and consider options such as out-licensing, mergers, and asset sales. The company had $8.4 million in cash, cash equivalents, and marketable securities as of October 31, 2024. Also Exploring Strategic Alternatives to Complement Fundraising Efforts PALO ALTO, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Vincerx Pharma, Inc. (Nasdaq: VINC), a biopharmaceutical company aspiring to address the unmet medical needs of patients with cancer through paradigm-shifting therapeutics, today announced plans to implement cost-controls and explore strategic alternatives to support advancing the Phase 1 study of VIP943, the Company's novel CD123-targeted antibody-drug conjugate (ADC) developed with the Company's next-generation VersAptx™ platform. “We believe VIP943 is a highly differentiated Show less Read more
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