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Synlogic to cease ops, reduce workforce by 90% after Synpheny-3 dicontinuation
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Synlogic to cease ops, reduce workforce by 90% after Synpheny-3 dicontinuation

As a result of this process, Synlogic will cease operations, and reduce its workforce by more than 90%, retaining only certain employees to assist in the strategic review and assist in the discontinuation of the study. The majority of impacted roles will end in February 2024….cash, cash equivalents and short-term investments balance at December 31, was $47.7M…

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