Brief: Akari Therapeutics PLC On May 1 Began To Implement A Reduction-In-Force Of Approximately 67% Of Its Total Workforce

Akari Therapeutics

07/05/2024 22:14

May 7 (Reuters) - Akari Therapeutics PLC  AKTX.O :
    * AKARI THERAPEUTICS PLC -  ON MAY 1 BEGAN TO IMPLEMENT A
REDUCTION-IN-FORCE OF APPROXIMATELY 67% OF ITS TOTAL WORKFORCE
    * AKARI THERAPEUTICS PLC - REDUCTION-IN-FORCE IS PART OF 
OPERATIONAL RESTRUCTURING PLAN AND INCLUDES ELIMINATION OF
CERTAIN SENIOR MANAGEMENT POSITIONS
    * AKARI THERAPEUTICS PLC -  RACHELLE JACQUES RESIGNED FROM
BOARD
OF DIRECTORS
    * AKARI THERAPEUTICS PLC - BOARD REDUCED ITS SIZE TO FIVE
MEMBERS
    * AKARI THERAPEUTICS PLC - EXPECTS EXPENSES RELATED TO
REDUCTION-IN-FORCE TO BE IN RANGE OF ABOUT $3.1 MILLION TO $3.2
MILLION

Source text for Eikon:  ID:n0000950170-24-054726 
Further company coverage:  AKTX.O