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High-profile gene editing startup Tome Biosciences said in a legal filing Friday that it will terminate virtually its entire staff beginning Nov. 1.

The Massachusetts WARN notice comes a day after STAT reported the company was in dire straits, with one source saying that it planned to wind down operations and seek a buyer by Nov. 1 after the company struggled to raise money or find a partner.

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Tome told STAT it was only “operating at reduced capacity,” while  “maintaining core expertise” as it “explore[d] strategic options.”  

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