Vor Bio announced on May 8, 2025, that its Board of Directors approved the initiation of a process to explore a range of strategic alternatives aimed at maximizing shareholder value. This decision was based on currently available clinical data from its key programs and a challenging fundraising environment.
Concurrently, the company is winding down its clinical and manufacturing operations, including ongoing clinical trials, effective immediately. This move is not due to any safety concerns with its product candidates but is a measure to preserve capital during the strategic review.
In conjunction with this strategic process, Vor Bio implemented a workforce reduction of approximately 95% of its employees, expecting to incur approximately $10.9 million in severance costs. The company plans to retain about 8 employees to assist in exploring strategic alternatives, maintaining compliance, and managing the wind-down.
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