Adaptimmune Therapeutics Shares Surge 50% Following CCO Departure Agreement
Severance Agreement: Adaptimmune Therapeutics reached a severance agreement with former CCO Cintia Piccina, granting her 12 months of pay totaling $473,800 and continued benefits from the Employee 2016 Share Option Scheme.
Termination Details: Piccina was terminated due to redundancy on August 8, 2025, with the severance agreement effective from August 23, 2025.
Stock Performance: Following the news, ADAP stock surged by 47.23% in pre-market trading after experiencing an 18.38% decline the previous Friday, though it remains down 88.98% year-to-date.
Analyst Ratings: Wall Street analysts have a consensus rating of Moderate Sell for Adaptimmune Therapeutics, with an average price target of 35 cents, indicating a potential upside of 488.24%.
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