Brief: Aclaris Therapeutics Announced A Reduction Of Its Workforce By Approximately 46%

Aclaris Therapeutics

19/12/2023 21:55

Dec 19 (Reuters) - Aclaris Therapeutics Inc  ACRS.O :
    * ACLARIS THERAPEUTICS INC: ANNOUNCED A REDUCTION OF ITS
WORKFORCE
BY APPROXIMATELY 46%
    * ACLARIS THERAPEUTICS INC: EXPECTS REDUCTION OF ITS
WORKFORCE TO
BE SUBSTANTIALLY COMPLETED BY JUNE 30, 2024
    * ACLARIS THERAPEUTICS INC: EXPECTS TO INCUR A ONE-TIME
CHARGE
TOTALING APPROXIMATELY $3.1 MILLION IN CONNECTION WITH ONE-TIME
EMPLOYEE TERMINATION COSTS
    * ACLARIS THERAPEUTICS INC: IN TOTAL, PLAN IS ESTIMATED TO
COST
BETWEEN $5.0 MILLION AND $5.3 MILLION OVER NEXT TWELVE MONTHS,
EXCLUDING NON-CASH CHARGES

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