Codiak BioSciences files for Chapter 11 bankruptcy protection

Reuters

2023/03/27

March 27 (Reuters) - Drug developer Codiak BioSciences Inc said on Monday it has filed for Chapter 11 bankruptcy protection and will seek to sell its assets, months after the company reduced its workforce by 37%.

(Reporting by Bhanvi Satija in Bengaluru; Editing by Shounak Dasgupta)

((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91 9873062788))

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