Summary by Futu AI
bluebird bio has entered into a Fourth Amendment to its Loan and Security Agreement with Hercules Capital and other lenders on August 29, 2024. The amendment primarily extends the deadlines for submitting financial statements for the year ended December 31, 2023, and the quarter ended March 31, 2024.Under the amended agreement, the company's late delivery and filing of its 2023 Form 10-K and Q1 2024 Form 10-Q will not be considered a violation of compliance covenants, provided the documents are filed within the new extended deadlines. This modification helps bluebird bio maintain compliance with its loan obligations while addressing financial reporting delays.