Achilles climbs after decision to find strategic alternatives

seekingalpha09-19

Achilles Therapeutics (NASDAQ:ACHL) ADRs added ~42% in the premarket on Thursday after the U.K.-based biotech announced plans to explore strategic alternatives and close its CHIRON and THETIS clinical...

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Concurrently, Achilles  announced a program for workforce reduction and several cost-cutting measures. The strategic alternatives it plans to explore include an acquisition, merger, reverse merger, business combination, the London-headquartered firm said. The Phase I/IIa CHIRON and THETIS trials targeted advanced non-small cell lung cancer and recurrent or metastatic melanoma. As the T-cell monotherapy trials conclude, the company said it will present their full clinical data at a future medical meeting. Achilles  added that as part of its strategic refocus, it will seek engagement with developers advancing alternative cancer treatment options, such as antibody-drug conjugates and neoantigen vaccines. The company recorded $95.1M in cash and cash equivalent","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","BK4139":"生物科技","ACHL":"Achilles Therapeutics plc"},"translate_title":"决定寻找战略替代方案后，阿喀琉斯之踵攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACHL":1},"content_text":"Achilles Therapeutics (NASDAQ:ACHL) ADRs added ~42% in the premarket on Thursday after the U.K.-based biotech announced plans to explore strategic alternatives and close its CHIRON and THETIS clinical trials for its lead T cell therapy candidate. Concurrently, Achilles (ACHL) announced a program for workforce reduction and several cost-cutting measures. The strategic alternatives it plans to explore include an acquisition, merger, reverse merger, business combination, the London-headquartered firm said. The Phase I/IIa CHIRON and THETIS trials targeted advanced non-small cell lung cancer and recurrent or metastatic melanoma. As the T-cell monotherapy trials conclude, the company said it will present their full clinical data at a future medical meeting. Achilles (ACHL) added that as part of its strategic refocus, it will seek engagement with developers advancing alternative cancer treatment options, such as antibody-drug conjugates and neoantigen vaccines. The company recorded $95.1M in cash and cash equivalents as of June 30, and its market cap as of Wednesday's market close stood at slightly over $29M.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468365576"}