iTeos Therapeutics Inc., a clinical-stage biopharmaceutical company, has announced its intention to wind down operations as part of a strategic review to maximize shareholder value. The decision follows a detailed assessment of the company's development pipeline, business prospects, and financial standing. The Board of Directors plans to cease clinical and operational activities while focusing on utilizing the company's cash reserves to deliver near-term shareholder value. This includes exploring the sale of key assets such as EOS-984, EOS-215, and a preclinical obesity program targeting ENT1. The company is aiming to identify and execute the best path forward to benefit its shareholders.
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