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Apexigen Announces Restructuring Strategy

Plans to reduce its workforce by 55% to extend its cash runway as the company explores strategic alternatives with the goal of maximizing stockholder value.

Apexigen, Inc., a clinical-stage company focused on developing innovative antibody-based therapeutics for the treatment of cancer with a focus on immuno-oncology, has engaged Ladenburg Thalmann & Co. Inc., to evaluate strategic alternatives for the company with the goal of maximizing stockholder value. Apexigen will implement a corporate restructuring to extend its cash runway as it reviews and explores strategic alternatives. As part of the restructuring, the company plans to reduce its ...

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