CureVac (CVAC) has released an update.
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CureVac has reported a transformative third quarter with a strengthened cash position of €551 million following a restructured collaboration with GSK, which is expected to sustain operations until 2028. The company is making strides in mRNA technology with promising developments in cancer vaccines and a new vaccine program for urinary tract infections. Additionally, CureVac is undergoing strategic restructuring, including a 30% workforce reduction, to enhance operational efficiency and long-term growth.
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