Turnstone to discontinue all clinical studies, explore strategic alternatives

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Feb 04 2025

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Turnstone Biologics Program Discontinuation: Turnstone Biologics has decided to discontinue all clinical studies related to TIDAL-01 and halt further development of the program, while initiating a strategic review process to maximize shareholder value.
Workforce Reduction and Cost Containment: The company is reducing its workforce and implementing cost-containment measures, retaining only essential employees for supporting value-realization during the strategic review.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Turnstone to discontinue all clinical studies, explore strategic alternatives

About the author

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