Notable Labs Pauses Implementation of Cancer Drug Volasertib Study, Announces Layoffs

Notable Labs Pauses Implementation of Cancer Drug Volasertib Study, Announces Layoffs

Notable Labs is pausing the Phase 2 study of cancer drug Volasertib in leukemia, reducing workforce by 65%, and exploring strategic alternatives to conserve cash. Shares rose 5% after the announcement. Joseph Wagner is the interim CEO, with a search for a permanent CEO ongoing.

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