BUZZ-Gritstone bio falls after filing for bankruptcy

Reuters

2024/10/10

** Shares of drug developer Gritstone bio fall 29.4% to 14 cents premarket

** Company files for Chapter 11 bankruptcy

** GRTS lists both estimated assets and liabilities at $100 million to $500 million - court filing

** "During its financial restructuring process, Gritstone intends to operate in the ordinary course and remains committed to advancing its clinical programs" - company

** Up to last close, stock down 90.3% YTD

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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