Caribou Biosciences Cuts Workforce, Shifts Pipeline to Focus on Key Oncology Programs

Dow Jones
2025/04/25
 

By Kelly Cloonan

 

Caribou Biosciences plans to trim its workforce and shift its pipeline as it looks to focus on its lead oncology programs.

The Berkeley, Calif.-biopharmaceutical company on Thursday said it plans to reduce its workforce by about 32%. Such cuts would amount to roughly 47 employees, based on the total workforce of 147 full-time employees according to its latest annual filing.

The company is also discontinuing preclinical research as well as Phase 1 trials of treatments for lupus and relapsed or refractory acute myeloid leukemia.

Caribou Biosciences expects cash payments from the workforce reduction and strategic pipeline prioritization to total $2.5 million to $3.5 million.

The changes will extend Caribou's cash runway by one year, funding the current operating plan into the second half of 2027, it said.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

April 24, 2025 17:08 ET (21:08 GMT)

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