AlloVir Stockholders Approve Key Amendment and Merger
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AlloVir stockholders approved an amendment to the 2020 Stock Option and Grant Plan, increasing shares for future issuance and extending the plan’s term. This amendment, along with the merger with Kalaris, aims to enhance AlloVir’s capital base and market position, despite associated risks. AlloVir focuses on developing cell therapies for viral infections, particularly for patients with weakened immune systems. Current market cap is $29.22M, with a YTD price performance of -1.76% and a consensus rating of Buy.
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