Vincerx has terminated its previously announced intent to merge with Global Digital Holdings and is now winding down operations.
The clinical-stage biopharmaceutical company said Tuesday its board has authorized management to initiate a wind-down and continue exploring monetization of assets and out-licensing opportunities.
Acting Chief Executive Raquel Izumi said unprecedented, adverse market dynamics prevented the company from continuing the developments of its programs.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 08, 2025 16:26 ET (20:26 GMT)
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