Rallybio Shares Rally on Portfolio Realignment, Job Cuts [MarketWatch]
Rallybio Corporation (RLYB)
Company Research
Source: MarketWatch
plan that reduces its workforce by 45% and extends its cash runway into mid-2026. Shares of the New Haven, Conn.-based company, which hit an all-time low of $1.23 on Monday, were recently changing hands at $1.51, up 21%. Advertisement Rallybio said it is aligning its resources to support the advancement of its two clinical-stage programs, adding that it will seek alternative options for its preclinical programs, including partnerships and other forms of non-dilutive financing. The company, which has about 40 employees according to data from FactSet, said it expects to substantially complete the job cuts by the end of the first quarter. Write to Colin Kellaher at colin.kellaher@wsj.com
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RLYB
News
- Rallybio Co. (NASDAQ: RLYB) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $8.00 price target on the stock.MarketBeat
- FNAIT Systematic Literature Review and Meta-Analysis Presented at the Academy of Managed Care Pharmacy 2024 Annual MeetingBusiness Wire
- RallyBio (RLYB) Partners With J&J & Gets $6.6M Funding, Stock Up [Yahoo! Finance]Yahoo! Finance
- Rallybio Co. (NASDAQ: RLYB) had its price target lowered by analysts at Wedbush from $13.00 to $11.00. They now have an "outperform" rating on the stock.MarketBeat
- Rallybio shares gain on investment from J&J for rare fetal condition treatment [Seeking Alpha]Seeking Alpha
RLYB
Earnings
- 3/12/24 - Miss
RLYB
Sec Filings
- 4/22/24 - Form D
- 4/11/24 - Form DEF
- 4/10/24 - Form 8-K
- RLYB's page on the SEC website