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BioWorld - Monday, May 12, 2025
Home » Keywords » SYNB-1934

Items Tagged with 'SYNB-1934'

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Layoff illustration

Synlogic pulls plug after peek at phenylketonuria phase III data

Feb. 9, 2024
By Randy Osborne
Synlogic Inc. jolted Wall Street with news that the firm is scrapping for futility Synpheny-3, its pivotal study with labafenogene marselecobac (SYNB-1934) for phenylketonuria, and will evaluate strategic options. Shares of the Cambridge, Mass.-based firm (NASDAQ:SYBX) fell 48.7%, or $1.68, to end Feb. 9 at $1.77. Synlogic will cease operations and reduce its workforce by more than 90%, retaining only certain employees to help with the wind-down.
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