Lyell Immunopharma Reports Business Highlights and Financial Results for the Third Quarter 2023
An approximately 25% reduction in workforce associated with this prioritization is expected to be completed in the fourth quarter of 2023.
- An approximately 25% reduction in workforce associated with this prioritization is expected to be completed in the fourth quarter of 2023.
- Lyell is advancing four wholly-owned product candidates with two product candidates in Phase 1 clinical development, LYL797 and LYL845.
- Non‑GAAP G&A expenses, which exclude non-cash stock-based compensation, for the third quarter ended September 30, 2023, were $9.5 million, compared to $11.4 million for the same period in 2022.
- The decrease in third quarter 2023 non-GAAP G&A expenses was driven by a decrease in legal, consulting and other administrative expenses.