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TIL - Instil Bio extends reduction-in-force to reduce US headcount
Instil Bio Inc.
Instil Bio ( NASDAQ: TIL ) said it would extend reduction-in-force to a team of about 15 employees in the U.S. to lead global business operations, including the consolidation of clinical manufacturing and trial operations of its CoStAR-TIL to its active Manchester, U.K. operations.
The company expects cash resources to provide runway beyond 2026.
Instil is also evaluating opportunities for a potential sale/sublease of the Tarzana manufacturing site.