• Genocea Biosciences Inc's (NASDAQ: GNCA) board has voted to wind down the company's ongoing operations and terminate the remaining employees except those deemed necessary to complete an orderly wind down.

• Yesterday, the company delivered formal notice to The Nasdaq Stock Market Inc of its intent to delist voluntarily and its plans to file a Form 25 with the SEC by June 2 to effect the voluntary delisting.

• The company received a letter that it was not in compliance with the requirement of the Nasdaq listing.

• Also See: Genocea Biosciences Stock Dives After Early Data From GEN-011 Trial In Pretreated Solid Tumor Patients.

• Last month, Genocea Biosciences initiated a process to explore a range of strategic alternatives and has engaged an investment bank to act as a strategic advisor for this process.

• It announced to cut its workforce by approximately 65%. In light of these developments, the company said it is reviewing its clinical and research programs to determine an appropriate course of action.

• Price Action: GNCA shares are down 68% at $0.07 during the premarket session on the last check Tuesday.

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