Talaris Therapeutics Exploring Strategic Alternatives and Implements Restructuring Plan

(24/7 MARKET NEWS) – Talaris Therapeutics, Inc. (Nasdaq:TALS) announced, this morning, that it completed its business and program prospects review and decided to discontinue its FREEDOM-1 and FREEDOM-2 clinical trials evaluating FCR001’s ability to induce durable tolerance in living donor kidney transplant recipients. This decision was mostly due to the pace of enrollment and the associated timeline to critical milestones. Talaris will continue to enroll its FREEDOM-3 Phase 2 clinical trial evaluating FCR001’s ability to induce tolerance in scleroderma. Talaris also initiated a comprehensive review of strategic alternatives focused on maximizing shareholder value, including possible business combinations and/or a divestiture of the Company’s cell therapy CMC capabilities.

Talaris is at $$1.74, up $0.16 (10.12%), on trading volume of 20 thousand premarket shares.

Its 52-week trading range is $0.89 to $10.56. If it can break through the $1.95 resistance level, on strong volume, its setup is favorable for a potential run to the mid to upper twos.

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