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Achilles Therapeutics Proposes Voluntary Liquidation to Return Capital

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Achilles Therapeutics Proposes Voluntary Liquidation to Return Capital

Achilles Therapeutics ( (ACHL) ) just unveiled an update.

Achilles Therapeutics has announced a proposal for a members’ voluntary liquidation to return capital to shareholders following a strategic review and asset sale. This decision follows the transfer of its TRACERx license and materials to AstraZeneca for $12 million, marking the end of its strategic review process, with the General Meeting scheduled for March 20, 2025, to discuss the liquidation.

More about Achilles Therapeutics

Achilles Therapeutics is a biotechnology company focused on developing T cell therapies and tumor-infiltrating lymphocytes (TILs) for the treatment of cancer. The company has been involved in creating personalized cancer treatments through its innovative approaches in the biotechnology sector.

YTD Price Performance: -0.88%

Average Trading Volume: 177,449

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $46.44M

For a thorough assessment of ACHL stock, go to TipRanks’ Stock Analysis page.

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