$CRGX

🚀 Trade Alert : 📉 Cargo Therapeutics (NASDAQ: CRGX) Faces Challenges but Remains Optimistic

📉 Recent Developments:

✂️ Workforce Reduction : 58 jobs cut as the company discontinues a blood cancer treatment.

📉 Stock Impact: Shares fell 77% to $3.00** in after-hours trading, 

📊 Positive Outlook:

💰 Extended Cash Runway : Job cuts extend cash runway into mid-2028.

 💵 Cash Balance : Positive cash balance  as of December 31, 2024.

🔬 Future Prospects: Focus on advancing innovative treatments, including CRG-023 with FDA clearance for its IND application.

💡 Investor Takeaway:

Despite recent challenges, Cargo Therapeutics is positioning itself for future growth, with a solid cash runway and promising pipeline.

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
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