---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033458"
form_type: "8-K"
ticker: "KYNB"
cik: "0000921299"
company_name: "KYNTRA BIO, INC."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:46:20.247585+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FibroGen cuts US workforce 32% (104 employees); expects $13-15M charges

## Summary
- Workforce reduction of ~32% (104 U.S. employees) approved July 14, 2023.
- Non-recurring charges of $13-15M for severance, notice pay, vacation, benefits.
- Plan expected to generate $30-35M in annual cost savings.
- Majority of charges in Q3 2023; reduction substantially complete by Q1 2024.
- Company expects existing cash, equivalents, investments to fund ops into 2026.

## SEC filing metadata
- accession: 0000950170-23-033458
- form_type: 8-K
- ticker: KYNB
- cik: 0000921299
- company_name: KYNTRA BIO, INC.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921299/000095017023033458/0000950170-23-033458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921299/000095017023033458/fgen-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033458
- JSON: https://secwatch.observer/filing/0000950170-23-033458.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033458.txt

## Key facts
- Restructurings & Charges
  KYNTRA BIO, INC. announced a restructuring with charges of $13-15 million affecting U.S. workforce (approximately 32% (or 104 employees)).
  - Type: restructuring
  - Charge: $13-15 million
  - Affected area: U.S. workforce
  - Headcount: approximately 32% (or 104 employees)
  source text: The Company estimates that it will incur non-recurring charges in the range of $13-15 million in connection with the Plan, primarily consisting of severance payments, notice pay, accrued vacation, and employee benefits contributions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/921299/000095017023033458/0000950170-23-033458-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.