CureVac (CVAC) has released an update.
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CureVac, a biopharmaceutical firm specializing in mRNA technology, is streamlining operations by cutting 150 positions and reports a U.S. FDA Fast Track designation for its avian flu vaccine developed with GSK. Amidst ongoing patent litigation with Pfizer/BioNTech, the company maintains a healthy cash reserve of €300.2 million, ensuring a runway into Q4 2025.
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