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BRIEF-Agenus says plans to close Basel site, combine key functions to Cambridge, UK and Lexington, MA facilities
March 30, 2017 / 11:31 AM / 6 months ago

BRIEF-Agenus says plans to close Basel site, combine key functions to Cambridge, UK and Lexington, MA facilities

March 30 (Reuters) - Agenus Inc

* Agenus restructures business to sharpen focus on clinical development of cancer therapies

* Agenus - plans to close Basel site, consolidate key functions to Cambridge, UK and Lexington, MA facilities, and phase out approximately 50 positions

* Agenus Inc - Robert Stein, M.D., Ph.D., president of research and development, will retire to become a senior research and development advisor exclusive to Agenus

* Says as part of restructuring, approximately 50 positions are planned to be phased out within next six months Source text for Eikon: Further company coverage:

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