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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events
13.
Subsequent Events

 

On August 14, 2023, the Company announced a strategic reprioritization to focus on the development of its hunTR TCR discovery platform and wind down of its TCR-T Library Phase 1/2 trial. In connection with the reprioritization, the Company announced it intends to reduce its workforce by approximately 60%. Concurrently, the Company is considering certain strategic alternatives, including, but not limited to, an acquisition, merger, reverse merger, sale of assets, strategic partnerships, capital raises or other transactions. The Company has engaged Cantor to act as strategic advisor for this process. In addition, on August 14, 2023, the Company announced that it had provided the requisite notice to the NCI to terminate the CRADA, pursuant to its terms, effective October 13, 2023, in light of the Company's focus on its hunTR platform.