BRIEF—Mustang Bio sells assets; focuses on MB-109, MB-108 and MB-101
US cell and gene therapy specialist Mustang Bio has announced the exit of the lease for its manufacturing facility in Worcester, Massachusetts, and concurrent divestment of certain fixed assets including furniture and equipment to an AbbVie unit for $1.0 million.
Mustang, whose shares plunged 27% to $2.00 on the news, says it has relocated its corporate headquarters to 95 Sawyer Road, Waltham, Massachusetts.
Mustang expects to continue to rely on its academic partners and future contract manufacturing relationships to support clinical trials.
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