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Arbutus to cut 40% of workforce, impacting operations. Focus shifts to imdusiran, aiming for a potential cure for cHBV. Layoffs viewed positively; ABUS stock gained 1% post-announcement. Company expects cash to fund operations through Q4 2026. Q2 revenue exceeded expectations but declined from last year.
- Arbutus to cut 40% of workforce, impacting operations.
- Focus shifts to imdusiran, aiming for a potential cure for cHBV.
- Layoffs viewed positively; ABUS stock gained 1% post-announcement.
- Company expects cash to fund operations through Q4 2026.
- Q2 revenue exceeded expectations but declined from last year.
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