Atara Biotherapeutics (ATRA) has released an update.
Atara Biotherapeutics, Inc. has announced the termination of its Executive Vice President, Chief Medical Officer’s employment, effective February 2, 2024, due to a workforce reduction. The outgoing executive, Dr. Joshi, will continue to provide services under a consulting agreement until January 31, 2025, earning a monthly fee of $3,000 plus additional hourly compensation. Dr. Joshi’s equity awards will also vest during this period, and he may receive a significant bonus upon FDA approval of a key biologics license application.
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