Kronos Bio cuts 83% of its workforce, names new interim CEO, and explores selling assets.

Kronos Bio, a biopharmaceutical firm, is reshuffling its leadership and cutting its workforce by 83%. Deborah Knobelman will become the new President and Interim CEO starting December 3, while current CEO Norbert Bischofberger will leave his role but stay on the Board. The company is exploring options like business combinations or selling its preclinical assets to improve value for shareholders.

November 27, 2024
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