Codiak BioSciences files for bankruptcy, looks to sell off assets

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Codiak BioSciences files for bankruptcy, looks to sell off assets
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Codiak BioSciences Inc. said Monday that it has field for bankruptcy, and it looking to selloff of its assets to maximize the company’s value. “The Board and...

Codiak BioSciences Inc.

said Monday that it has field for bankruptcy, and it looking to selloff of its assets to maximize the company’s value. “The Board and management team have thoroughly assessed all of our strategic options and believe that this structured process represents the best possible solution for Codiak, taking into account our financial needs and the stage of our clinical and research programs,” the Massachusetts-based biopharmaceutical company said in a statement.

said Monday that it has field for bankruptcy, and it looking to selloff of its assets to maximize the company’s value. “The Board and management team have thoroughly assessed all of our strategic options and believe that this structured process represents the best possible solution for Codiak, taking into account our financial needs and the stage of our clinical and research programs,” the Massachusetts-based biopharmaceutical company said in a statement.

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