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ImmunoCellular Plans Job Cuts in Shift to Stem-to-T-Cell Program

05:45 EDT 24 Aug 2017 | Genetic Engineering News

Two months after winding down development of its lead candidate for lack of funds, ImmunoCellular Therapeutics says it will cut jobs and facilities in a restructuring designed to lower costs and refocus the company on its program to generate cancer-killing T cells by engineering hematopoietic stem cells. The company gave no details on how many jobs will be eliminated, or which facilities would be jettisoned in a statement yesterday. ImmunoCellular has seven full-time and two part-time employees, according to its Form 10-Q for the second quarter, filed August 14. “The board and management of ImmunoCellular remain committed to pursuing a viable strategic path forward for the Company, with the goal of realizing the value of our immuno-oncology technology platform and assets,” stated ImmunoCellular President and CEO Anthony J. Gringeri, Ph.D. To that end, ImmunoCellular said, it will shift its attention to developing its “Stem-to-T-Cell” research program, ...

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