Biotech CEO slashes 90% of workforce after $48M quarterly loss - here's what investors should know
Key Points
- Mural Oncology's Q2 2025 losses soared to $48 million, compa...
Mural Oncology just delivered a masterclass in how to make investors question their life choices. The biotech company managed to lose $48 million in Q2 2025 alone, compared to a relatively modest $31.56 million loss in the same quarter last year. That's what we call efficiency in reverse.
When Your Lead Product Becomes a Dead Product
The real plot twist? Mural decided to pull the plug on nemvaleukin alfa, their lead product candidate. Imagine spending years and millions developing something, only to conclude it's about as useful as a chocolate teapot. This discontinuation essentially mea...
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