Turnstone Biologics to explore strategic alternatives

5 February 2025

San Diego, USA-based Turnstone Biologics (Nasdaq: TSBX) yesterday announced that it has completed an assessment of its business and operations, including the status of its program, resources, and capabilities.

As a result, Turnstone has decided to discontinue all clinical studies evaluating TIDAL-01, a selected tumor-infiltrating lymphocyte (TIL) therapy. and halt further development of the program. Also, Turnstone’s management and its board of directors have initiated a process to explore and review strategic alternatives focused on maximizing shareholder value.

Market reaction to the news was positive, with Turnstone’s shares rising 11.3% to $0.45 by close of trading

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