Boundless Bio Inc. Announces Workforce Reduction and Strategic Reorganization to Extend Cash Runway and Focus on Key Therapeutic Programs

Reuters

05-24

Boundless Bio Inc. Announces Workforce Reduction and Strategic Reorganization to Extend Cash Runway and Focus on Key Therapeutic Programs

Boundless Bio Inc. announced a significant corporate reorganization on May 23, 2025, involving a workforce reduction by approximately one-third as part of its portfolio prioritization strategy. The company anticipates incurring one-time costs of around $1.2 million primarily for termination benefits, including severance and healthcare. This restructuring aims to streamline operations and extend the company's cash runway into the first half of 2028, supporting anticipated clinical proof-of-concept readouts for its therapeutic programs. The company is focusing on the BBI-355/BBI-825 combination therapy and the novel Kinesin program, with plans to initiate clinical development and submit an IND application for BBI-940 by the first half of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boundless Bio Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-076911), on May 23, 2025, and is solely responsible for the information contained therein.

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