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TScan Therapeutics Streamlines Workforce 30% as FDA Advances Heme Therapy Development
TScan Therapeutics has agreed on pivotal study design with the Food and Drug Administration for its TSC-101 therapy while reducing its workforce by 30%, impacting its Heme drug development efforts.
- TScan Therapeutics, based in Waltham, Massachusetts, announced a strategic reorganization that includes a 30% workforce reduction amidst advancing its Heme therapy development.
- The Food and Drug Administration has approved the pivotal study design for TScans lead therapy, TSC-101, which targets T cell responses against neoplasms.
- Currently valued at $110.09 million, TScan Therapeutics is trading at $1.94 per share, with analysts suggesting the stock is undervalued relative to its Fair Value.
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This workforce reduction alongside FDA approval reflects TScan Therapeutics effort to streamline operations while advancing critical Drug development within an increasingly competitive biotech landscape, potentially impacting future treatment options for neoplasm patients.