Cyteir Announces Timeline for Voluntarily Delisting from Nasdaq
Ongoing Results From a Dose Expansion Cohort of CYT-0851 in Combination With Capecitabine in Advanced Platinum-Resistant Ovarian Cancer Show Promising Clinical Activity and Generally Well Tolerated Safety Profile
A not-so-fun year for Cyteir has reached rock bottom, with the company planning to dissolve and end all work.
LEXINGTON, Mass.--(BUSINESS WIRE)--Cyteir Therapeutics, Inc. (“Cyteir” or the “Company”) (Nasdaq: CYT) today announced that it is discontinuing all development of CYT-0851, its investigational monocarboxylate transporter inhibitor, and that Cyteir’s Board of Directors has determined, after consideration of potential strategic alternatives, it is in the best interests of its shareholders to dissolve Cyteir, liquidate its assets following an orderly wind down of the Company’s operations, and return remaining cash to shareholders.
LEXINGTON, Mass.--(BUSINESS WIRE)--Cyteir Therapeutics, Inc. (“Cyteir”) (Nasdaq: CYT), a clinical stage oncology company, today presented results from a Phase 1 study with CYT-0851 in combination with capecitabine or gemcitabine in a poster titled “Phase 1 Results of CYT-0851, a Monocarboxylate Transporter (MCT) Inhibitor, in Combination with Capecitabine or Gemcitabine in Advanced Solid Tumors” (Abstract: 3099, Poster: 297) at the 2023 American Society of Clinical Oncology (ASCO) annual meeting in Chicago, Illinois.
Several biotechs are looking to make changes to their pipelines as the quarter has drawn to a close.
Fusion Pharmaceuticals and Cyteir Therapeutics have each taken a magnifying glass to their pipeline and reshuffled priorities, shelving or shopping their backup assets.
Cyteir Therapeutics Reports Fourth Quarter and Full Year 2022 Financial Results and Operational Highlights
Cyteir Therapeutics Promotes David Gaiero to Chief Financial Officer
Over the summer, as the biotech blues dragged on and depressed Cyteir Therapeutics shares, execs decided to postpone clinical plans for a second candidate and focus on the lead program alongside discovery research in other synthetic lethality pathways in cancer.