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0 -0.0122282608695652 -0.0149456521739131 -0.023179347826087 -0.0244565217391304 -0.0292119565217391 -0.0144701086956521 0.000679347826086942
Stock impact report

C4 (CCCC) Up 6% on Restructuring Plan to Curb Cash Burn [Yahoo! Finance]

C4 Therapeutics, Inc. (CCCC) 
NASDAQ:AMEX Investor Relations: ir.chinacache.com
Company Research Source: Yahoo! Finance
CCCC seeks to prioritize the advancement of two of its pipeline candidates, CFT7455 and CFT1946, both of which are in early-stage development. While CFT7455 is being developed in a phase I/II study for multiple myeloma (MM) and non-Hodgkin's lymphoma (NHL) indications, CFT1946 is being evaluated in a separate phase I/II study for treating BRAF V600 mutant solid tumors including non-small cell lung cancer (NSCLC), colorectal cancer and melanoma. The company also intends to advance its partnered programs. It intends to support its partner, China-based Betta Pharmaceuticals, in initiating clinical development on CFT8919 in EGFR L858R mutated NSCLC patients. C4T also plans on expanding its collaborations with Merck MRK, Biogen and Roche. To achieve these objectives, C4 Therapeutics will reduce its existing workforce by 30%. It reported about $330 million in unaudited cash, cash equivalents and marketable securities as of Jan 5, compared with $246.4 million balance as of Sep 30, 2023. Show less Read more
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