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David Pauling, Chief Administrative Officer & General Counsel at Sutro Biopharma Inc (NASDAQ:STRO), recently purchased 12504 shares of the company’s common stock. The transactions, which occurred on October 15, 2025, involved the acquisition of shares at a price of $0.7992, totaling $9993. Following the transaction, Pauling directly owns 71737 shares of Sutro Biopharma . The reported total includes 2,500 shares of Common Stock acquired by the reporting person in one or more transactions with the Issuer pursuant to its Employee Stock Purchase Plan. The company maintains a strong liquidity position with a current ratio of 3.12 and more cash than debt on its balance sheet, though InvestingPro analysis reveals 10+ additional key insights about STRO’s financial health and market position.
In other recent news, Sutro Biopharma has announced an organizational restructuring to prioritize its antibody drug conjugate (ADC) programs. This restructuring involves reducing the workforce by approximately one-third and aims to extend the company’s cash runway into at least mid-2027, aided by expected near-term milestone payments. The company plans to announce initial clinical data from its STRO-004 program and initiate clinical studies for additional ADC programs. Additionally, Sutro Biopharma has partnered with the U.S. Food and Drug Administration to develop reference materials for ADCs, aiming to improve regulatory standards. Meanwhile, Citizens JMP analyst Reni Benjamin has reiterated a Market Perform rating on Sutro Biopharma following the company’s second quarter 2025 earnings announcement. The company reaffirmed its intention to file an Investigational New Drug application for STRO-004 in the second half of 2025. These developments reflect Sutro Biopharma’s strategic focus on advancing its ADC programs and enhancing regulatory collaboration.
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