Equillium, Inc. reported on September 30, 2025, that it has dismissed KPMG as its auditor and appointed Crowe LLP as the new auditor, while also seeing the resignations of two directors and the appointment of a new president, Dr. Stephen Connelly, effective from October 1, 2025. Additionally, the company terminated its collaboration agreement with Biocon, which will result in a technical service fee of $363,000 pending set-off against amounts owed to Biocon.