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Gritstone bio, Inc. (Nasdaq: GRTS) announces a 40% reduction in workforce due to delayed funding for the CORAL Phase 2b study. CEO Andrew Allen expresses gratitude to departing employees while emphasizing commitment to ongoing programs.
Rhea-AI Impact
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End-of-Day
-27.86%
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Gritstone bio, Inc. (GRTS) announces participation in key investor and scientific conferences to discuss breakthroughs in vaccine pipeline and leveraging AI for immunotherapies.
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End-of-Day
-1.89%
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Rhea-AI Summary
Gritstone bio, Inc. (Nasdaq: GRTS) is adjusting the timeline for the Phase 2b trial of its next-generation COVID-19 vaccine to Fall 2024 to incorporate fully GMP-grade raw materials, enhancing regulatory value and study interpretability. The company aims to address the latest seasonal variant and express gratitude to FDA and BARDA for their support.
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Gritstone bio, Inc. (Nasdaq: GRTS) announced the granting of nonqualified stock options to six employees to purchase 147,000 shares of its common stock. The options have an exercise price of $2.26 and will vest over a four-year period, subject to the employees' continued employment.
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Rhea-AI Sentiment
End-of-Day
0.9%
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Rhea-AI Summary
Gritstone bio, Inc. (Nasdaq: GRTS) announced their participation in B. Riley Securities' 4th Annual Oncology Conference. The event will feature a fireside chat with Andrew Allen, Co-founder, President, and CEO, discussing the company's work in developing potent vaccines. The webcast will be available live and archived for 30 days.
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Gritstone bio, a clinical-stage biotechnology company (Nasdaq: GRTS), granted two employees nonqualified stock options to purchase 18,500 shares of its common stock at an exercise price of $2.10. The options will vest over a four-year period, subject to the employees’ continued employment.
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Rhea-AI Sentiment
End-of-Day
-1.24%
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Gritstone bio, Inc. (Nasdaq: GRTS) announced the grant of nonqualified stock options to four employees to purchase 42,000 shares of its common stock at an exercise price of $1.53, in line with Nasdaq Listing Rule 5635(c)(4). The options will vest over a four-year period, with 25% vesting on the first anniversary of hire, and 1/48th vesting monthly thereafter.
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Rhea-AI Sentiment
End-of-Day
2.47%
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Gritstone bio, Inc. (Nasdaq: GRTS) will be participating in investor conferences, including the 6th Annual Evercore ISI HealthCONx Conference, 35th Annual Piper Sandler Healthcare Conference, and First Annual Goldman Sachs Catalyst Clinic. The company's Co-founder, President, and CEO, Andrew Allen, M.D., Ph.D., will be speaking at these events. Live webcasts will be available via https://ir.gritstonebio.com/investors/events, with archived replays accessible for 30 days after each event.
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Rhea-AI Sentiment
End-of-Day
-2.94%
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Rhea-AI Summary
Gritstone Bio, Inc. (Nasdaq: GRTS) reports financial results for Q3 2023 and recent updates on its COVID-19 prevention and cancer vaccine programs. The company has received a BARDA contract for a Phase 2b study comparing its samRNA vaccine candidate to an approved COVID-19 vaccine. Preliminary data from Phase 2 of its GRANITE cancer vaccine study are expected in Q1 2024.
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Rhea-AI Sentiment
End-of-Day
-7.69%
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Gritstone bio, Inc. (Nasdaq: GRTS) announces grant of nonqualified stock options to new employee, part of inducement to join, with exercise price of $1.83 and vesting over four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.65%
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Gritstone bio, Inc.
Nasdaq:GRTS
GRTS Rankings
GRTS Stock Data
105.38M
90.55M
2.3%
40.27%
9.3%
Biological Product (except Diagnostic) Manufacturing
Manufacturing
United States of America
EMERYVILLE
About GRTS
gritstone oncology is a cancer immunotherapy company developing next-generation personalized cancer therapeutics. gritstone brings together distinguished scientific founders, an experienced and diverse management team, a seasoned and successful board of directors, and very deep financial backing to tackle fundamental challenges at the intersection of cancer biology, immunology, and immunotherapy design. the company’s initial goal is to identify and deploy therapeutic neo-antigens from individual patients’ tumors to develop novel treatments for lung cancer. gritstone oncology is headquartered in the san francisco bay area with certain key functions located in cambridge, ma. gritstone oncology launched in october 2015 with a series a financing of $102 million.