Brief: Agenus Announces Strategic Realignment To Focus On Core Programs And Significantly Reduce Costs
05/12/2024 12:38
Dec 5 (Reuters) - Agenus Inc AGEN.O :
* AGENUS ANNOUNCES STRATEGIC REALIGNMENT TO FOCUS ON CORE
PROGRAMS
AND SIGNIFICANTLY REDUCE COSTS
* AGENUS INC: REDUCTIONS ARE DESIGNED TO REDUCE CASH BURN TO
$100
MILLION IN FY 2025
* AGENUS INC: WILL IMPLEMENT SIGNIFICANT COST-CUTTING
MEASURES,
INCLUDING STAFF REDUCTIONS AND OPERATIONAL ADJUSTMENTS
Source text: ID:nBw97G7Cja
Further company coverage: AGEN.O
((Reuters.Briefs@thomsonreuters.com;))
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