Brief: Applied Molecular Estimates It Will Incur $3.5 Mln-$4.5 Mln In Costs Primarily Related To Severance Costs And Related Expenses

Applied Molecular Transport.

18/05/2022 13:30

May 18 (Reuters) - Applied Molecular Transport Inc.
 AMTI.O :
    * APPLIED MOLECULAR . - ESTIMATES IT WILL INCUR BETWEEN $3.5
MILLION AND $4.5 MILLION IN COSTS PRIMARILY RELATED TO SEVERANCE
COSTS AND RELATED EXPENSES
    * APPLIED MOLECULAR TRANSPORT INC. - EXPECTS PAYMENTS OF THE
COSTS
WILL BE MADE THROUGH END OF Q2 OF 2022
    * APPLIED MOLECULAR . - ALSO EXPECTS OTHER IMMATERIAL COSTS
RELATED TO EXIT COSTS FOR SOME OF CO'S OTHER PROGRAMS AND
RESEARCH AND DEVELOPMENT EFFORTS
    * APPLIED MOLECULAR TRANSPORT INC. - ORGANIZATIONAL CHANGES
UNDER
REVISED STRATEGIC PLAN ARE EXPECTED TO BE SUBSTANTIALLY
COMPLETED DURING Q2 OF 2022


Further company coverage:  AMTI.O 

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