Rallybio Reports Fourth Quarter and Full Year 2023 Financial Results
The workforce reduction included 19 roles and will be substantially complete by the end of the first quarter of 2024.
- The workforce reduction included 19 roles and will be substantially complete by the end of the first quarter of 2024.
- In November 2023, Rallybio announced preliminary data from the completed multiple dose cohort of the Phase 1 safety and pharmacokinetics (PK) study for RLYB212.
- Research & Development (R&D) Expenses: R&D expenses were $15.9 million for the fourth quarter of 2023, compared to $10.8 million for the same period in 2022.
- General & Administrative (G&A) Expenses: G&A expenses were $5.2 million for the fourth quarter of 2023, compared to $6.3 million for the same period in 2022.