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Bluebird Bio ( (BLUE) ) has provided an update.
bluebird bio, Inc. has announced a restructuring plan aimed at reducing its cash operating expenses by around 20% by Q3 2025, following a thorough review of operations. This plan involves a workforce reduction of 25% and anticipates incurring charges related to severance and other termination costs. The move is part of a strategy to achieve quarterly cash flow break-even in the second half of 2025, with the company focusing on the commercial launches of its FDA-approved therapies. While the restructuring brings financial optimism, it’s based on assumptions subject to risks and uncertainties that could affect the company’s future results.
Learn more about BLUE stock on TipRanks’ Stock Analysis page.
